To meet your objective you could save an additional $22,686 monthly in a tax-deferred traditional retirement account. This savings level would generate a tax savings of $5,445 resulting in a net, out-of-pocket cost of $17,241 . Or you could save an additional $28,696 monthly in a taxable account. ** The investments in the tax-deferred traditional retirement account are assumed to return 6.0% annually. The investments in the taxable account are assumed to return 4.6% annually after taxes before retirement and 4.7% annually in retirement.<table cellspacing=0 width='100%' class='resultsTable'><tr><th colspan='6' align='left'>RETIREMENT OBJECTIVES</th></tr><tr><td></td><td></td><td></td><td></td><td class='resultsTableSubHeader'>YOU</td><td class='resultsTableSubHeader'>SPOUSE</td></tr><tr><td class='line greyBackground'>Average Tax Rate (Pre-Retirement)</td><td class='centerValue line greyBackground'>24.0%</td><td>    </td><td class='line greyBackground'>Current Age</td><td class='centerValue line greyBackground'>55</td><td class='centerValue line greyBackground'>54</td></tr><tr><td class='line'>Average Tax Rate (Post-Retirement)</td><td class='centerValue line'>22.0%</td><td></td><td class='line'>Anticipated Retirement Age</td><td class='centerValue line'>56</td><td class='centerValue line'>54</td></tr><tr><td class='line greyBackground'>Inflation Rate</td><td class='centerValue line greyBackground'>4.0%</td><td></td><td class='line greyBackground'>Annual Income</td><td class='centerValue line greyBackground'>$160,000</td><td class='centerValue line greyBackground'>$0</td></tr><tr><td class='line'>Future Legacy To Heirs</td><td class='centerValue line'>$0</td><td></td><td class='line'>Annual Pay Increases</td><td class='centerValue line'>3.0%</td><td class='centerValue line'>0.0%</td></tr><tr><td class='line greyBackground'>Adjust Legacy For Inflation?</td><td class='centerValue line greyBackground'>No</td><td></td><td class='bottomLine greyBackground'>Life Expectancy</td><td class='centerValue bottomLine greyBackground'>95</td><td class='centerValue bottomLine greyBackground'>95</td></tr><tr><td class='line'>Before-Tax Return (Pre-Retirement)</td><td class='centerValue line'>6.0%</td><td></td><td></td><td></td><td></td></tr><tr><td class='bottomLine greyBackground'>Before-Tax Return (Post-Retirement)</td><td class='centerValue bottomLine greyBackground'>6.0%</td><td></td><td></td><td class='resultsTableSubHeader'>EXPENSES</td><td class='resultsTableSubHeader'>YEARS</td></tr><tr><td></td><td></td><td></td><td class='line'>Early retirement</td><td class='centerValue line'>$116,225</td><td class='centerValue line'>15</td></tr><tr><td></td><td></td><td></td><td class='line greyBackground'>Middle retirement</td><td class='centerValue line greyBackground'>$104,603</td><td class='centerValue line greyBackground'>10</td></tr><tr><td></td><td></td><td></td><td class='bottomLine'>Remainder Of Retirement</td><td class='centerValue bottomLine'>$92,042</td><td class='centerValue bottomLine'>14</td></tr></table><table width='100%' cellspacing=0 class='resultsTable'><tr><th colspan=6>SOCIAL SECURITY</th></tr><tr><td></td><td></td><td></td><td></td><td class='resultsTableSubHeader'>YOU</td><td class='resultsTableSubHeader'>SPOUSE</td></tr><tr><td class='line'>Include Social Security?</td><td class='centerValue line'>Yes</td><td>    </td><td class='line'>Social Security Override Age</td><td class='centerValue line'>67</td><td class='centerValue line'>n/a</td></tr><tr><td class='bottomLine greyBackground'>Social Security inflation rate (%)</td><td class='centerValue bottomLine greyBackground'>2.0%</td><td></td><td class='bottomLine greyBackground'>Social Security Override Amount</td><td class='centerValue bottomLine greyBackground'>$3,413</td><td class='centerValue bottomLine greyBackground'>n/a</td></tr></table><table width='80%' cellspacing=0 class='resultsTable'><tr><th colspan=3>ANNUAL RETIREMENT SAVINGS</th></tr><tr><td></td><td class='resultsTableSubHeader'></td><td class='resultsTableSubHeader' width='160px'>INCREASE W/ PAY?</td></tr><tr><td class='line'>Traditional Retirement Accounts</td><td class='centerValue line'>$0</td><td class='centerValue line'>No</td></tr><tr><td class='line greyBackground'>Roth Retirement Accounts</td><td class='centerValue line greyBackground'>$0</td><td class='centerValue line greyBackground'>No</td></tr><tr><td class='bottomLine'>Taxable Accounts</td><td class='centerValue bottomLine'>$0</td><td class='centerValue bottomLine'>No</td></tr></table><table width='100%' cellspacing=0 class='resultsTable'><tr><th colspan=6>ADDITIONAL RETIREMENT INCOME</th></tr><tr><td class='resultsTableSubHeader' width='350px;'>DESCRIPTION</td><td class='resultsTableSubHeader'>AMOUNT</td><td class='resultsTableSubHeader' width='180px;'>START AGE(YOU)</td><td class='resultsTableSubHeader' width='150px;'>END AGE(YOU)</td><td class='resultsTableSubHeader'>INCREASE</td><td class='resultsTableSubHeader'>TAXABLE</td></tr><tr><td class='centerValue line'>Start Medicare</td><td class='centerValue line'>$12,000</td><td class='centerValue line'>65</td><td class='centerValue line'>95</td><td class='centerValue line'>0.0%</td><td class='centerValue line'>Yes</td></tr><tr><td class='centerValue line greyBackground'>Cash ramp</td><td class='centerValue line greyBackground'>$106,225</td><td class='centerValue line greyBackground'>56</td><td class='centerValue line greyBackground'>60</td><td class='centerValue line greyBackground'>0.0%</td><td class='centerValue line greyBackground'>Yes</td></tr><tr><td class='line' colspan=6></td></tr></table><table width='80%' cellspacing=0 class='resultsTable'><tr><th colspan=3>ASSETS</th></tr><tr><td class='resultsTableSubHeader'>DESCRIPTION</td><td class='resultsTableSubHeader'>AMOUNT</td><td class='resultsTableSubHeader'>TYPE</td></tr><tr><td class='centerValue line'>401ks, IRA</td><td class='centerValue line'>$1,115,966</td><td class='centerValue line'>Traditional Retirement</td></tr><tr><td class='centerValue line greyBackground'>Brokerage, less CDs</td><td class='centerValue line greyBackground'>$1,063,621</td><td class='centerValue line greyBackground'>Taxable</td></tr><tr><td class='line' colspan=4></td></tr><table><tr><td style='vertical-align: top;'><div class='resultsTableHeader' >ASSET ACCUMULATION</div>With regular contributions to investment accounts and the power of compound growth, your portfolio could be worth $0 by your target retirement age!</td><td><img class='imgResults' src=http://host3.calcxml.com/charts/chart177707663350198231.png></img></td></tr><tr><td style='vertical-align: top;'><div class='resultsTableHeader' >Fluctuating Retirement Income Needs</div>Changes in lifestyle and inflation will affect how much you spend throughout your retirement.<table style='padding-top: 10px;' width='100%'><tr><td>TODAY:</td><td class='boldCenterValue'>$116,225</td></tr><tr><td>RETIREMENT:</td><td class='boldCenterValue'>$116,225</td></tr><tr><td>FINAL YEAR:</td><td class='boldCenterValue'>$459,571</td></tr></table></td><td><img class='imgResults' src=http://host3.calcxml.com/charts/chart177707663350198233.png></img></td></tr><tr><td style='vertical-align: top;'><div class='resultsTableHeader' >IMPORTANCE OF PLANNING</div>Your expenses and sources of income may change throughout your retirement. A careful analysis can factor in all the variables, evaluate whether you’re on track, and propose solutions if it looks like your income and assets may be insufficient. The sooner you take action, the more you’ll increase the likelihood that you’ll reach your retirement goals.</td><td><img class='imgResults' src=http://host3.calcxml.com/charts/chart177707663350198232.png></img></td></tr></table><table><tr><td class='resultsTableHeader' colspan=2>RESULTS AND RECOMMENDATIONS</td></tr><tr><td colspan=2><div style='font-weight: 700;'>Based on your current assumptions it appears that your annual after-tax retirement objective of $116,225 per year (in today's dollars) would not likely be met. The sooner you take action to address your shortfall the easier it will be to adjust your finances and/or expectations.</div></td></tr><tr><td colspan=2><img class='imgResults' src=http://host3.calcxml.com/charts/chart177707663350198234.png></img></td></tr><tr><td style='width: 54%;'><br><div class='resultsTableHeader' >POTENTIAL SOLUTIONS</div>To meet your after-tax retirement objective of $116,225, consider the following potential solutions:<br>    • Reduce your income expectations.<br>    • Seek to improve your expected returns.<br>    • Consider postponing your retirement.</td><td><div id='summaryBox'><table width='100%' cellspacing=0><tr><td colspan=2><div class='summaryBoxHeader'>SUMMARY (IN TODAY'S DOLLARS)</div></td></tr><tr><td>First Year Goal Desired</td><td class='summaryValue'>$116,225</td></tr><tr><td style='border-bottom: 1px solid rgb(0, 0, 0);'>Current Plans Provide</td><td style='border-bottom: 1px solid rgb(0, 0, 0);' class='summaryValue'>$105,746</td></tr><tr><td>Average Annual Shortfall</td><td class='summaryValue'>$10,479</td></tr><tr><td>Goal Income Replaced</td><td class='summaryValue'>91%</td></tr></table></div></td></tr><tr><td colspan=2><br>To meet your objective you could save an additional $22,686 monthly in a tax-deferred traditional retirement account. This savings level would generate a tax savings of $5,445 resulting in a net, out-of-pocket cost of $17,241 . Or you could save an additional $28,696 monthly in a taxable account. *<br><br>* The investments in the tax-deferred traditional retirement account are assumed to return 6.0% annually. The investments in the taxable account are assumed to return 4.6% annually after taxes before retirement and 4.7% annually in retirement.</td></tr><tr><td class='resultsTableHeader' colspan=2><br>DETAILS OF PRE-RETIREMENT ACCUMULATION PHASE</td></table><table class='simpletable'><tr><th>Year</th><th>Your Age</th><th>Spouse Age</th><th>Taxable Accounts Beginning Balance</th><th>Annual Taxable Savings</th><th>Taxable Return @ 4.6%</th><th>Retirement Accounts Beginning Balance</th><th>Annual Retirement Savings</th><th>Retirement Return @ 6.0%</th><th>Total Ending Balance</th></tr></table><br><table><tr><td class='resultsTableHeader'>SUMMARY OF POST-RETIREMENT DISTRIBUTION PHASE</td></table><table class='simpletable'><tr><th>Year</th><th>Your Age</th><th>Spouse Age</th><th>Social Security</th><th>Wages, Pension & Other Income</th><th>Total After-Tax Income @ 22.0%</th><th>Retirement Income Needs</th><th>After-Tax Withdrawal Taxable</th><th>After-Tax Withdrawal Retirement</th><th>Total Savings Balance</th><th>Annual Shortfall</th></tr><tr><td>1</td><td>55</td><td>54</td><td>0</td><td>160,000</td><td>124,800</td><td>116,225</td><td>0</td><td>0</td><td>2,305,299</td><td>0</td></tr><tr><td>2</td><td>56</td><td>55</td><td>0</td><td>106,225</td><td>106,225</td><td>120,874</td><td>14,649</td><td>0</td><td>2,413,467</td><td>0</td></tr><tr><td>3</td><td>57</td><td>56</td><td>0</td><td>106,225</td><td>106,225</td><td>125,709</td><td>19,484</td><td>0</td><td>2,522,573</td><td>0</td></tr><tr><td>4</td><td>58</td><td>57</td><td>0</td><td>106,225</td><td>106,225</td><td>130,737</td><td>24,512</td><td>0</td><td>2,632,514</td><td>0</td></tr><tr><td>5</td><td>59</td><td>58</td><td>0</td><td>106,225</td><td>106,225</td><td>135,967</td><td>29,742</td><td>0</td><td>2,743,179</td><td>0</td></tr><tr><td>6</td><td>60</td><td>59</td><td>0</td><td>106,225</td><td>106,225</td><td>141,405</td><td>35,180</td><td>0</td><td>2,854,446</td><td>0</td></tr><tr><td>7</td><td>61</td><td>60</td><td>0</td><td>0</td><td>0</td><td>147,062</td><td>147,062</td><td>0</td><td>2,854,986</td><td>0</td></tr><tr><td>8</td><td>62</td><td>61</td><td>0</td><td>0</td><td>0</td><td>152,944</td><td>152,944</td><td>0</td><td>2,850,647</td><td>0</td></tr><tr><td>9</td><td>63</td><td>62</td><td>1,333</td><td>0</td><td>1,084</td><td>159,062</td><td>157,978</td><td>0</td><td>2,842,164</td><td>0</td></tr><tr><td>10</td><td>64</td><td>63</td><td>1,360</td><td>0</td><td>1,105</td><td>165,424</td><td>164,319</td><td>0</td><td>2,828,056</td><td>0</td></tr><tr><td>11</td><td>65</td><td>64</td><td>1,387</td><td>12,000</td><td>13,127</td><td>172,041</td><td>158,914</td><td>0</td><td>2,820,438</td><td>0</td></tr><tr><td>12</td><td>66</td><td>65</td><td>1,415</td><td>12,000</td><td>13,150</td><td>178,923</td><td>165,773</td><td>0</td><td>2,806,867</td><td>0</td></tr><tr><td>13</td><td>67</td><td>66</td><td>53,385</td><td>12,000</td><td>55,402</td><td>186,080</td><td>130,678</td><td>0</td><td>2,831,075</td><td>0</td></tr><tr><td>14</td><td>68</td><td>67</td><td>54,453</td><td>12,000</td><td>56,270</td><td>193,523</td><td>137,253</td><td>0</td><td>2,851,313</td><td>0</td></tr><tr><td>15</td><td>69</td><td>68</td><td>55,542</td><td>12,000</td><td>57,155</td><td>201,264</td><td>144,109</td><td>0</td><td>2,867,206</td><td>0</td></tr><tr><td>16</td><td>70</td><td>69</td><td>56,653</td><td>12,000</td><td>58,059</td><td>188,384</td><td>130,326</td><td>0</td><td>2,900,270</td><td>0</td></tr><tr><td>17</td><td>71</td><td>70</td><td>57,786</td><td>12,000</td><td>58,980</td><td>195,919</td><td>65,323</td><td>71,616</td><td>2,907,718</td><td>0</td></tr><tr><td>18</td><td>72</td><td>71</td><td>58,941</td><td>12,000</td><td>59,919</td><td>203,756</td><td>0</td><td>143,837</td><td>2,886,711</td><td>0</td></tr><tr><td>19</td><td>73</td><td>72</td><td>60,120</td><td>12,000</td><td>60,878</td><td>211,906</td><td>0</td><td>151,029</td><td>2,854,669</td><td>0</td></tr><tr><td>20</td><td>74</td><td>73</td><td>61,323</td><td>12,000</td><td>61,855</td><td>220,383</td><td>0</td><td>158,528</td><td>2,810,514</td><td>0</td></tr><tr><td>21</td><td>75</td><td>74</td><td>62,549</td><td>12,000</td><td>62,852</td><td>229,198</td><td>0</td><td>166,346</td><td>2,753,085</td><td>0</td></tr><tr><td>22</td><td>76</td><td>75</td><td>63,800</td><td>12,000</td><td>63,869</td><td>238,366</td><td>0</td><td>174,497</td><td>2,681,134</td><td>0</td></tr><tr><td>23</td><td>77</td><td>76</td><td>65,076</td><td>12,000</td><td>64,907</td><td>247,901</td><td>0</td><td>182,994</td><td>2,593,318</td><td>0</td></tr><tr><td>24</td><td>78</td><td>77</td><td>66,377</td><td>12,000</td><td>65,965</td><td>257,817</td><td>0</td><td>191,852</td><td>2,488,196</td><td>0</td></tr><tr><td>25</td><td>79</td><td>78</td><td>67,705</td><td>12,000</td><td>67,044</td><td>268,129</td><td>0</td><td>201,085</td><td>2,364,218</td><td>0</td></tr><tr><td>26</td><td>80</td><td>79</td><td>69,059</td><td>12,000</td><td>68,145</td><td>245,369</td><td>0</td><td>177,224</td><td>2,265,228</td><td>0</td></tr><tr><td>27</td><td>81</td><td>80</td><td>70,440</td><td>12,000</td><td>69,268</td><td>255,184</td><td>0</td><td>185,916</td><td>2,148,487</td><td>0</td></tr><tr><td>28</td><td>82</td><td>81</td><td>71,849</td><td>12,000</td><td>70,413</td><td>265,391</td><td>0</td><td>194,978</td><td>2,012,427</td><td>0</td></tr><tr><td>29</td><td>83</td><td>82</td><td>73,286</td><td>12,000</td><td>71,582</td><td>276,007</td><td>0</td><td>204,425</td><td>1,855,364</td><td>0</td></tr><tr><td>30</td><td>84</td><td>83</td><td>74,752</td><td>12,000</td><td>72,773</td><td>287,047</td><td>0</td><td>214,274</td><td>1,675,493</td><td>0</td></tr><tr><td>31</td><td>85</td><td>84</td><td>76,247</td><td>12,000</td><td>73,989</td><td>298,529</td><td>0</td><td>224,540</td><td>1,470,879</td><td>0</td></tr><tr><td>32</td><td>86</td><td>85</td><td>77,772</td><td>12,000</td><td>75,228</td><td>310,470</td><td>0</td><td>235,241</td><td>1,239,444</td><td>0</td></tr><tr><td>33</td><td>87</td><td>86</td><td>79,327</td><td>12,000</td><td>76,493</td><td>322,889</td><td>0</td><td>246,396</td><td>978,966</td><td>0</td></tr><tr><td>34</td><td>88</td><td>87</td><td>80,914</td><td>12,000</td><td>77,783</td><td>335,804</td><td>0</td><td>258,021</td><td>687,059</td><td>0</td></tr><tr><td>35</td><td>89</td><td>88</td><td>82,532</td><td>12,000</td><td>79,099</td><td>349,236</td><td>0</td><td>270,138</td><td>361,172</td><td>0</td></tr><tr><td>36</td><td>90</td><td>89</td><td>84,183</td><td>12,000</td><td>80,441</td><td>363,206</td><td>0</td><td>281,714</td><td>0</td><td>-1,051</td></tr><tr><td>37</td><td>91</td><td>90</td><td>85,866</td><td>12,000</td><td>81,809</td><td>377,734</td><td>0</td><td>0</td><td>0</td><td>-295,925</td></tr><tr><td>38</td><td>92</td><td>91</td><td>87,584</td><td>12,000</td><td>83,206</td><td>392,844</td><td>0</td><td>0</td><td>0</td><td>-309,638</td></tr><tr><td>39</td><td>93</td><td>92</td><td>89,335</td><td>12,000</td><td>84,630</td><td>408,557</td><td>0</td><td>0</td><td>0</td><td>-323,928</td></tr><tr><td>40</td><td>94</td><td>93</td><td>91,122</td><td>12,000</td><td>86,082</td><td>424,900</td><td>0</td><td>0</td><td>0</td><td>-338,817</td></tr></table>