Taxes on retirement income calculator

You have a good amount saved up, but what will taxes and inflation do to your nest egg? Find out with our retirement income tax calculator.

This retirement calculator can help you understand the impact inflation and taxes will have on your retirement savings. Simply enter your current savings amount, the amount you contribute every month and your anticipated years until retirement, along with tax and inflation information, and we'll display your results.

Impact of taxes and inflation on savings

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Results

After tax rate of return
xxx%
After tax and inflation rate of return
xxx%

Monthly

Before tax rate of return
xxx%
After tax rate of return
xxx%
After tax and inflation rate of return
0%

Future value

Before tax and inflation
$xxx
After tax
$xxx
After tax and inflation
$xxx
Your pre-tax rate of return of x.x% equates to x.x% after taxes and inflation.
The amount you could accumulate after taxes and inflation is $xx.
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The information in this article was obtained from various sources not associated with State Farm® (including State Farm Mutual Automobile Insurance Company and its subsidiaries and affiliates). While we believe it to be reliable and accurate, we do not warrant the accuracy or reliability of the information. State Farm is not responsible for, and does not endorse or approve, either implicitly or explicitly, the content of any third-party sites that might be hyperlinked from this page. The information is not intended to replace manuals, instructions or information provided by a manufacturer or the advice of a qualified professional, or to affect coverage under any applicable insurance policy. These suggestions are not a complete list of every loss control measure. State Farm makes no guarantees of results from use of this information.

Neither State Farm® nor its agents provide tax or legal advice. This calculator is for illustrative and educational purposes only. Its accuracy and applicability to your circumstances is not guaranteed. Please consult your own adviser regarding your particular circumstances.

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