Corebridge Financial offers a variety of interactive calculators to assist you in your unique financial planning needs. Offered as self-help tools for independent use, these calculators are not intended to provide investment or tax advice, either expressed or implied. Corebridge cannot and does not guarantee their applicability or accuracy in regard to individual circumstances. All examples are for illustrative purposes only. Questions regarding the information and interactive calculators should be discussed with a financial, tax and/or legal advisor. Seek personalized advice from qualified professionals regarding all personal finance issues.
Required Minimum Distribution (RMD)
The IRS requires that you withdraw at least a minimum amount—known as a Required Minimum Distribution—from some types of retirement accounts annually. The distributions are required to start when you turn age 73. If born before 1951, please refer to the calculation notes within the calculator. Determining how much you are required to withdraw is an important issue in retirement planning. Use this calculator to determine your Required Minimum Distribution. This calculator has been updated for the SECURE 2.0 of 2022, the SECURE Act of 2019 and CARES Act of 2020.
Roth IRA conversion
The Roth IRA, introduced in 1997, allows for contributions to be made on an after-tax basis and all gains (or growth) are to be distributed completely tax-free. Since then, people with incomes under $100,000 have had the option to convert all or a portion of their existing Traditional IRAs to Roth IRAs. Beginning in 2008, however, participants with funds in eligible employer sponsored plans were also allowed to roll those funds directly over to a Roth IRA in a qualified rollover if their income did not exceed the $100,000 threshold. Starting in 2010, all IRA owners and participants in eligible employer sponsored plans, regardless of income level, became eligible to convert their Traditional IRA and pre-tax funds in an employer-sponsored plan [401(a)/(k), 403(b) and governmental 457(b)] to a Roth IRA. Is this a good option for you? A conversion has both advantages and disadvantages that should be carefully considered before you make a decision. This calculator compares two alternatives with equal out-of-pocket costs to estimate the change in total net-worth, at retirement, if you convert your Traditional IRA into a Roth IRA.
Roth IRA Conversion Calculator
Roth IRA calculator
Contributing to a Roth IRA could make a big difference in your retirement savings. There is no tax deduction for contributions made to a Roth IRA, but all future earnings could be sheltered from taxes, under current tax laws. The Roth IRA can provide truly tax-free growth. Use this calculator to determine the potential impact of a Roth IRA on your plan for retirement.
Roth 401(k) vs. Traditional 401(k) Calculator
If available in your employer's plan, the 401(k) Roth allows you to contribute to your 401(k) account on an after-tax basis. As such, you would pay no taxes on qualifying distributions when the money is withdrawn. For some investors, this could be a better option than contributing on a pre-tax basis, where deposits are subject to taxes when the money is withdrawn. Use this calculator to help determine the best option for your retirement.
Roth 401(k) vs. Traditional 401(k) Calculator
Social Security benefits
Determining how much you might receive from Social Security is an important part of planning for retirement. This calculator can help you estimate your Social Security benefits. Remember, this is only an estimate. Your actual benefits may vary depending on your actual work history and income.
Social Security Benefits Calculator
Early withdrawals from retirement accounts - The 72(t) Calculator
Internal Revenue Code sections 72(t) and 72(q) provide for tax-penalty-free early withdrawals from retirement accounts under certain circumstances. These provisions can allow you to begin receiving money from your retirement accounts before you reach age 59½ generally without the normal 10% federal early withdrawal tax penalty. Use this calculator to determine your allowable 72(t)/(q) distribution and how it may be able to help fund your early retirement. The IRS rules regarding 72(t)/(q) distributions are complex. Please consult a qualified professional when making decisions about your personal finances. Please note that your financial institution may or may not support all the methods displayed via this calculator.
RMD & stretch IRA calculator
The IRS requires that you withdraw at least a minimum amount, known as a Required Minimum Distribution, from your retirement accounts annually; starting the year you turn age 73 (age 70½ if born before July 1, 1949). Use this calculator to help determine how you can stretch out your payments for as long as possible. This calculator has been updated for the SECURE 2.0 of 2022, the SECURE Act of 2019 and CARES Act of 2020.
Retirement contribution effects on your paycheck
An employer-sponsored retirement savings account could be one of your best tools for creating a secure retirement. It provides two important advantages. First, all contributions and earnings are tax-deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your account, which can go as high as 100% of your contributions. Use this calculator to see how increasing your contributions to a 401(k), 403(b) or 457 plan can affect your paycheck as well as your retirement savings. This calculator uses withholding schedules, rules, and rates from "IRS Publication 15" and "IRS Publication 15T". It also uses the redesigned W-4 created to comply with the elimination of exemptions in the Tax Cuts and Jobs Act (TCJA).
Retirement Contribution Effects on Your Paycheck Calculator
Do you know what it takes to build a secure retirement? Use this calculator to view your retirement savings balance and your withdrawals for each year until the end of your retirement. Social Security is calculated on a sliding scale based on your income. Including a non-working spouse in your plan increases your Social Security benefits up to, but not over, the maximum.
RO: 2806296 (04/2023)