Lets you find out when you will be able to retire. Unlike with the other retirement calculators in the market today, you do not have to guess and input your retirement age.
This unique retirement app calculates your retirement age by separating out your retirement savings in taxable accounts (cash, investments) and tax-advantaged accounts (Traditional, Roth) as certain tax-advantaged retirement savings cannot be withdrawn without a penalty until you reach the age 59 1/2.
Additionally, this calculator helps you with an effective strategy on the order in which you can withdraw your retirement assets during your retirement years when you have savings in taxable, tax-deferred and tax-free accounts. The retirement withdrawals are made first from your taxable accounts, then from your tax-deferred accounts and finally from your tax-free accounts.
This app lays out a clear picture of your finances with the pre-retirement plan and post-retirement plan.
You can email your pre-retirement plan and post-retirement plan in tabular and graphical views to yourself or others from within the app.
You can download the app When Can I Retire Pro from Apple Store.