ComputeResults
Calculator is owned and provided by SS&C. SS&C is not affiliated with this site's sponsor, owner or any affiliate thereof. The calculator is provided for educational purposes only. Any results generated by a calculator are not representative of any index or fund, are hypothetical, and are not guaranteed. It does not serve, either directly or indirectly, as legal, financial or tax advice. You should always consult with your financial planner, attorney and/or tax advisor as needed.
Users should verify the appropriateness of any assumptions used and, if applicable, modify these assumptions for their individual situation. The output provided depends upon the completeness and the accuracy of the information and assumptions that the user provides. Users should verify the accuracy of all information that they incorporate into their use of the calculator. Assumptions about projected current and future income and expense estimates, are inherently uncertain and introduce uncertainty in the calculations that the tool performs. Even small changes in these inputs and assumptions may have a significant impact on the calculator's derived results.
ADP is not responsible for the completeness, accuracy, and appropriateness of the information and assumptions provided by any user. In making this and other calculators available for your use on this Website, ADP makes no recommendation regarding the appropriateness of any contribution amount or type, withdrawal or withdrawal rate, loan, or asset allocation. ADP, the ADP logo are trademarks of ADP, Inc. All other trademarks and service marks are the property of their respective owners. Copyright © 2025 ADP, Inc. ALL RIGHTS RESERVED.
Annual rates of return can vary significantly and will depend upon your asset allocation and other variables. Historically, higher rates of return have been associated with higher degrees of risk.
Some financial planners recommend an annual withdrawal rate between 3% and 6% of your initial savings balance at retirement. However, you should choose a rate that suits your specific needs.
If the IRA holder turns 73 this year, he or she can defer the first distribution until April 1 of the next year. If the holder is older, he or she would normally be required to take an RMD before December 31 of this year. RMDs are considered taxable income for the year in which they are taken.
A retiree's Social Security benefit is based on his or her earnings history and when they retire. A spouse with little or no outside earnings is generally entitled to one-half the primary wage earner's benefit rate. The average Social Security benefit in 2024 was $1,976 per month. You can find an estimate of your projected benefits at www.ssa.gov/myaccount/. You can also call the Social Security Administration at 1-800-772-1213.
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