Retirement Planner (with Fed/NYS/SE tax)

Core Dates & Income
Lump Sum Deposit (one-time, from savings)
Share Liquidation (sell fund shares → savings)
House Sale (one-time event)
Pay off Fairway (-$600/mo need from date)
☤ Care Cost (added to monthly need)
Rates
Dividend Reinvestment — Phase 1 (from quit)
Dividend Reinvestment — Phase 2

Savings & Fund Value Over Time

Quit Date
Jul 1, 2026
Age 61y11m
SS Starts
Aug 2031
Age 67 · $2,174/mo gross
Stop Teaching
Aug 2036
Age 72y
Stop Transcribing
Aug 2034
Age 70y
Monthly Gap (pre-SS, pre-tax)
$1,500
Before tax impact
Savings Runway
360 mo
Depleted: Jul 2056 (92)
Self-Sufficient (after tax)
Aug 2031 (67)
Savings left: $26,673
Fund at SS Start
228,530 sh
$582,752 · $2,621/mo

💲 Share Liquidation Summary

Total Shares Sold
278,256
at $2.55/sh
Total Proceeds
$709,553
to savings
Lost Dividend/mo
-$3,191/mo
278,256 sh x $0.0115

📊 Traditional IRA — Required Minimum Distributions

Opening Balance
$230,000
grows ~3.0%/yr until drawn
First RMD
2039 (age 75)
SECURE 2.0 age 75
Distributed In Projection
$277,477
taxed as ordinary income
IRA Balance Remaining
$215,477
at end of projection (age 95)

RMD = prior year-end IRA balance ÷ IRS Uniform Lifetime factor. Distributions sell fund shares (reducing balance & dividends) and are taxed as ordinary income, paid from savings the following April.

Yearly Projection — July snapshots + major events (after tax)

One row per year (July), plus any month with a major event (income start/stop, property sale, phase change, lump sum, one-time liquidation, self-sufficiency, depletion). The annual December IRA RMD is reflected in the following July's balances.

SS starts Self-sufficient Phase change Income stops House sold Fairway paid off Care active Share sale Insolvent (need unmet, fund exhausted)
MonthAgeNeed EarnedDiv $SS GrossTaxNet +/−Savings SharesFundReinvPh Liq Sh
Jul 2026 (62) 61y11m $4,000 $2,500 — — $2,500 $390 $2,110 -$1,890 $58,110 216,231 $551,390 $2,469 1 —
Jul 2027 (63) 62y11m $4,120 $2,500 — — $2,500 $526 $1,974 -$2,146 $33,637 228,195 $581,898 $2,606 1 —
Jul 2028 (64) 63y11m $4,244 $2,500 — — $2,500 $521 $1,979 -$2,264 $25,000 233,358 $595,063 $2,665 1 —
Jul 2029 (65) 64y11m $4,371 $2,500 — — $2,500 $515 $1,985 -$2,386 $27,386 232,069 $591,775 $2,671 1 1,871
Jul 2030 (66) 65y11m $4,502 $2,500 — — $2,500 $508 $1,992 -$2,510 $25,000 231,806 $591,106 $2,647 1 —
Jul 2031 (67) 66y11m $4,637 $2,500 — — $2,500 $832 $1,668 -$2,969 $25,000 228,530 $582,752 $2,609 1 —
Aug 2031 (67) 67y $4,637 $2,000 $2,621 $2,520 $7,141 $832 $6,310 +$1,673 $26,673 228,530 $582,752 — 2 —
Jul 2032 (68) 67y11m $4,776 $2,000 $2,621 $2,596 $7,217 $1,386 $5,831 +$1,055 $36,127 228,530 $582,752 — 2 —
Jul 2033 (69) 68y11m $4,919 $2,000 $2,621 $2,674 $7,295 $1,376 $5,919 +$999 $48,398 228,530 $582,752 — 2 —
Jul 2034 (70) 69y11m $5,067 $2,000 $2,621 $2,754 $7,375 $1,233 $6,142 +$1,075 $60,921 228,530 $582,752 — 2 —
Aug 2034 (70) 70y $5,067 $1,200 $2,621 $2,754 $6,575 $1,233 $5,342 +$275 $61,196 228,530 $582,752 — 2 —
Jul 2035 (71) 70y11m $5,219 $1,200 $2,621 $2,837 $6,658 $1,071 $5,587 +$368 $64,870 228,530 $582,752 — 2 —
Jul 2036 (72) 71y11m $5,376 $1,200 $2,621 $2,922 $6,743 $921 $5,822 +$446 $69,830 228,530 $582,752 — 2 —
Aug 2036 (72) 72y $5,376 — $2,621 $2,922 $5,543 $921 $4,622 -$754 $69,076 228,530 $582,752 — 2 —
Jul 2037 (73) 72y11m $5,537 — $2,621 $3,009 $5,630 $710 $4,921 -$616 $61,746 228,530 $582,752 — 2 —
Jul 2038 (74) 73y11m $5,703 — $2,621 $3,100 $5,721 $714 $5,007 -$696 $53,792 228,530 $582,752 — 2 —
Jul 2039 (75) 74y11m $5,874 — $2,621 $3,193 $5,814 $718 $5,096 -$778 $44,864 228,530 $582,752 — 2 —
Jul 2040 (76) 75y11m $6,050 — $2,559 $3,288 $5,848 $722 $5,126 -$925 $45,780 223,146 $569,022 — 2 —
Jul 2041 (77) 76y11m $6,232 — $2,496 $3,387 $5,883 $726 $5,157 -$1,075 $45,200 217,623 $554,939 — 2 —
Jul 2042 (78) 77y11m $6,419 — $2,431 $3,489 $5,920 $731 $5,189 -$1,229 $43,031 211,985 $540,561 — 2 —
Jul 2043 (79) 78y11m $6,611 — $2,365 $3,593 $5,958 $735 $5,223 -$1,388 $39,276 206,203 $525,819 — 2 —
Jul 2044 (80) 79y11m $6,810 — $2,297 $3,701 $5,998 $740 $5,258 -$1,551 $33,891 200,277 $510,706 — 2 —
Jul 2045 (81) 80y11m $7,014 — $2,227 $3,812 $6,040 $745 $5,295 -$1,719 $26,824 194,203 $495,217 — 2 —
Jul 2046 (82) 81y11m $7,224 — $2,126 $3,926 $6,052 $750 $5,303 -$1,922 $26,922 183,907 $468,963 — 2 1,424
Jul 2047 (83) 82y11m $7,441 — $1,984 $4,044 $6,028 $755 $5,274 -$2,168 $27,168 172,130 $438,933 — 2 857
Jul 2048 (84) 83y11m $7,664 — $1,834 $4,166 $5,999 $760 $5,239 -$2,425 $27,425 158,931 $405,275 — 2 955
Jul 2049 (85) 84y11m $7,894 — $1,666 $4,291 $5,957 $765 $5,191 -$2,703 $27,703 144,197 $367,703 — 2 1,065
Jul 2050 (86) 85y11m $8,131 — $1,480 $4,419 $5,899 $771 $5,128 -$3,003 $28,003 127,825 $325,953 — 2 1,183
Jul 2051 (87) 86y11m $8,375 — $1,273 $4,552 $5,825 $777 $5,048 -$3,327 $28,327 109,680 $279,683 — 2 1,311
Jul 2052 (88) 87y11m $8,626 — $1,045 $4,688 $5,733 $783 $4,950 -$3,676 $28,676 89,623 $228,540 — 2 1,448
Jul 2053 (89) 88y11m $8,885 — $793 $4,829 $5,622 $789 $4,833 -$4,052 $29,052 67,517 $172,168 — 2 1,596
Jul 2054 (90) 89y11m $9,152 — $515 $4,974 $5,489 $795 $4,694 -$4,458 $29,458 43,151 $110,034 — 2 1,756
Jul 2055 (91) 90y11m $9,426 — $209 $5,123 $5,332 $801 $4,531 -$4,896 $29,896 16,284 $41,524 — 2 1,928
Jul 2056 (92) 91y11m $9,709 — — $5,277 $5,277 $808 $4,469 -$5,240 $0 0 $0 — 2 —
Jul 2057 (93) 92y11m $10,000 — — $5,435 $5,435 $815 $4,620 -$5,380 $0 0 $0 — 2 —
Jul 2058 (94) 93y11m $10,300 — — $5,598 $5,598 $822 $4,776 -$5,524 $0 0 $0 — 2 —
Jul 2059 (95) 94y11m $10,609 — — $5,766 $5,766 $434 $5,332 -$5,278 $0 0 $0 — 2 —
DOB: Jul 25, 1964 · MFS · 1099 SE · Fed + NYS + SE tax · SS 85% taxable (MFS lived-with-spouse) · Std deduction · Need inflates 3%/yr · SS COLA 3%/yr · Estimates only — not tax advice.