When Can I Retire 8.2

Grow Nest Egg, LLC – Freeware – iOS
out of 57 votes

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<p>You might have retirement savings in a 401(k), 403(b), or 457(b) plan, as well as an IRA or cash and investments. Discover the projected date for your retirement based on your financial situation.</p>

<h2>App Highlights</h2>
<ul>
	<li><em>When Can I Retire</em> app computes your retirement age by considering various optional factors such as current salary, annual salary increment, yearly retirement contribution, contribution increase, employer matching contribution, post-retirement expenses, social security benefits, and other retirement income.</li>
	<li>The app takes into account the constraint that you cannot withdraw funds from a 401(k), 403(b), or an IRA prior to age 59 ½ without incurring a 10% penalty. However, withdrawals from a 457(b) plan do not face this early withdrawal penalty.</li>
	<li>The app acknowledges that there is a specified maximum limit for contributions to your employer-sponsored retirement plan. For instance, you can contribute up to $22,500 to your 401(k), 403(b), or 457(b) plan for the current year as per regulations. Additionally, individuals aged 50 and above have a catch-up contribution limit of an extra $7,500.</li>
	<li>The app considers that the total of your contributions and employer matching contributions to a 401(k) or 403(b) plan cannot surpass your salary or $66,000 for the ongoing year as per statutory provisions. An additional catch-up contribution limit of $7,500 is applicable for individuals aged 50 and above.</li>
	<li>It presents a comprehensive overview of both pre-retirement and post-retirement financial plans.</li>
	<li>You are able to send your pre-retirement and post-retirement plans in tabular and graphical formats via email to yourself or others using the app.</li>
	<li>The app securely stores your inputs and maintains them across sessions after calculating your retirement age successfully.</li>
	<li>You can easily distribute the app through Text Message, WhatsApp, Facebook, or Twitter directly from within the application.</li>
</ul>

<p>Terms of Use: <a href="https://www.apple.com/legal/internet-services/itunes/dev/stdeula/">Link to Terms of Use</a></p>

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