IRA Income
Most of the attention on IRAs goes to saving and investing, but the real goal is the income the account can provide later. Enter your balance, contributions, and return assumptions to estimate what your IRA might pay you each year in retirement.
About these numbers
Assumes contributions are added at the end of each year, the same returns are earned every year, and income is paid at the end of each retirement year: either in equal amounts that use up the account (less any amount you choose to leave), or as the chosen percentage of the balance at the start of that year. Taxes, fees, inflation, and required minimum distributions are not included. Actual returns and principal value will fluctuate, and investing involves risk.
This calculator is a hypothetical illustration for educational purposes only. Results are based on the assumptions you enter and the method described above, may vary with each use and over time, do not reflect any specific investment or the deduction of fees or taxes unless stated, and are not a guarantee of future results. The tool does not consider every investment, account type, or strategy that may be available to you. It is not investment, tax, or legal advice. Investing involves risk, including possible loss of principal. 4:8 Financial does not provide tax or legal advice; please consult your CPA or attorney regarding your specific situation.
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