You may have retirement savings in a 401(k) or 403(b), or 457(b) plan. You may also have an IRA or cash and investments. Find out when you will be able to retire based on your financial circumstances.
**App Highlights**
*"When Can I Retire" app calculates your retirement age based on numerous optional inputs such as your current salary, yearly salary increase, yearly retirement contribution, yearly contribution increase, employer matching contribution, post-retirement expense, social security, and other retirement income.
*This unique app factors in the retirement age calculation that you cannot withdraw your retirement savings from a 401(k) plan or 403(b) plan and IRA before you turn 59 ½ without a possible penalty of 10%. You will be able to withdraw your retirement savings from a 457(b) plan without facing an early withdrawal penalty.
*This app considers that you can contribute only up to a specific maximum limit to your employer-sponsored retirement plan. For example, you can contribute a maximum of 22,500 dollars to your 401(k) or 403(b), or 457(b) plan for this year as per the current law. However, there is a catch-up contribution limit of additional 7,500 dollars if you are aged 50 and older.
*The app considers that the total of your contributions and employer matching contributions to 401(k) or 403(b) plan cannot exceed your salary or 66,000 dollars for this year as per the current law. There is a catch-up contribution limit of additional 7,500 dollars if you are aged 50 and older.
*This app lays out a clear picture of your finances with a pre-retirement plan and post-retirement plan.
*The app allows you to email your pre-retirement plan and post-retirement plan in tabular and graphical views to yourself or others.
*This app saves your inputs across the launches upon successful retirement age calculation.
*You can share the app via email, Facebook, or Twitter from within the app.
Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
**App Highlights**
*"When Can I Retire" app calculates your retirement age based on numerous optional inputs such as your current salary, yearly salary increase, yearly retirement contribution, yearly contribution increase, employer matching contribution, post-retirement expense, social security, and other retirement income.
*This unique app factors in the retirement age calculation that you cannot withdraw your retirement savings from a 401(k) plan or 403(b) plan and IRA before you turn 59 ½ without a possible penalty of 10%. You will be able to withdraw your retirement savings from a 457(b) plan without facing an early withdrawal penalty.
*This app considers that you can contribute only up to a specific maximum limit to your employer-sponsored retirement plan. For example, you can contribute a maximum of 22,500 dollars to your 401(k) or 403(b), or 457(b) plan for this year as per the current law. However, there is a catch-up contribution limit of additional 7,500 dollars if you are aged 50 and older.
*The app considers that the total of your contributions and employer matching contributions to 401(k) or 403(b) plan cannot exceed your salary or 66,000 dollars for this year as per the current law. There is a catch-up contribution limit of additional 7,500 dollars if you are aged 50 and older.
*This app lays out a clear picture of your finances with a pre-retirement plan and post-retirement plan.
*The app allows you to email your pre-retirement plan and post-retirement plan in tabular and graphical views to yourself or others.
*This app saves your inputs across the launches upon successful retirement age calculation.
*You can share the app via email, Facebook, or Twitter from within the app.
Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
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