Budget Calculator

This budget calculator is mainly for the planning of personal finance. All the income items are before tax values.

Related Debt Ratio Calculator | Credit Card Calculator | College Cost Calculator

What is a Budget?

A budget is an estimate and planning of income and expenditure, and commonly refers to a methodical plan to spend money a certain way.

Generally, budgets are created to reach certain financial goals, such as paying off several credit cards, reaching a certain savings goal, or getting income and expenses back on track. There are many different reasons why people create budgets, and even more ways to go about doing so. While some people may prefer our budget calculator or our free budget template , others may prefer different methods. Modern technology has paved the way for many different budgeting software and apps. They all have their pros and cons, but the one that works best is the one that budgeteers will bother sticking with as best as they can.

How to Budget

Budgeting can generally be summed up by two things: living within your means and planning for the future. Successful budgeting usually involves having a detailed personal budget and adhering to it.

Living Within Your Means

Millennia-old religious teachings, countless online resources, and thousands of financial advisors over time have echoed the principle of living within your means. As simple as it may seem, many struggle to implement it successfully in their lives, as the statistic that eight out of ten Americans are in debt, shows. The reason why people are not able to adhere to the principle is generally due to reasons such as:

  • Spending more than their income allows —The biggest financial blunder people can make is simply spending more than they earn, which over the long-run snowballs into more and more debt.
  • Trying too hard to keep up with the Joneses —In consumerist societies, conspicuous consumption, defined as the spending of money on, and the acquisition of, luxury goods and services to publicly display economic power, is common.
  • Overly relying on credit —This borrowed money allows people to live beyond their means temporarily. However, if borrowers are unable to pay back the borrowed money on time, they will probably find themselves in a sticky financial situation.
  • Lacking knowledge —Not everyone is expected to be an expert on personal finance, and it is very possible that misinformation or lack of awareness can lead to people living outside of their means. As a result, it can be helpful to learn more about personal finance.

Planning for the Future

There is a reason why entire departments exist within many corporations for the sole purpose of budgeting and forecasting, as budgeting and forecasting are very important factors when trying to achieve certain financial goals. This concept applies to individuals as well, as it can be hard to achieve personal financial goals successfully without first planning for them. Proper planning can help predict future financial standing according to best estimate forecasts of income and expenses. Proper planning can also help with:

  • Mitigating sudden misfortunes (everyone encounters expected and unexpected life events)
  • Loading up on emergency funds
  • Weather heavy-debt seasons
  • Getting ready for the purchase of a new house, car, or other major purchase
  • Properly managing investments
  • Preparing for retirement, children, or education
  • Purchasing appropriate insurance plans

A personal budget can help people live within their means and plan for the future. The Budget Calculator evaluates the components of a personal budget and highlights which specific areas need improvement.

Budget Template

We have created a free, basic, budget template for people who want to start budgeting their personal finances on a month-to-month basis. While it is not the most feature-packed budgeting tool in the world, it was created as a way for people to get motivated and started on their budgeting goals, then eventually move onto more intricate budget-planning tools. It can also serve as a supplementary tool to annualize net income as calculated based off of our Budget Calculator. There is also a computation for annualized expense-to-income ratio. Use our Budget Calculator every month, then update the figures in a saved version of our budget template. The annual net income will update accordingly. Please click here to download our free budget template.

Most budgeteers' main source of income will come from their full-time or part-time job in the form of salaries or wages. The second largest source of income tends to come from investments and their capital gains, and there are various other methods of receiving additional income.

Obviously, anyone would most likely want a higher income. Aside from more consumption, conspicuous or otherwise, a higher income allows for more flexibility when it comes to expenses; a month of extreme spending can be quickly rectified by a high enough income. While achieving a higher income is easier said than done, it is generally accomplished through several main avenues: looking for a new job, attaining higher education such as additional degrees or certifications, the development of new skills, or networking with the right people. For some budgeteers, a higher income can come through investment income, though this method only tends to work in the long term. In some situations, a second job may be necessary to make ends meet.

A main source of income for most Americans in retirement is Social Security. It is important to remember that Social Security payments can only be received as early as age 62. Please visit any of the calculators below for more specific information or calculations.

  • Take-Home-Paycheck Calculator
  • Income Tax Calculator
  • Salary Calculator
  • Social Security Calculator

Housing & Utilities

Most budgeteers will normally have rent or mortgage costs as the bulk of their monthly housing expenses. A general rule of thumb says housing costs should be no more than 30% of monthly gross income, give or take. Any budgeteer who finds that their housing costs are significantly more may find it worthwhile to consider more cost-effective approaches to housing. This may include refinancing to a lower rate, relocating to a more budget-friendly location, or downsizing to a smaller home if possible. They may also consider renting out an extra room if they have one for rental income. Smaller ways to save on housing costs include transitioning to new, smart technologies that generally tend to be more energy-efficient, such as programmable thermostats, energy-efficient lightbulbs, and the installation of solar panels. Please visit any of the calculators below for more specific information or calculations.

  • House Affordability Calculator
  • Mortgage Calculator
  • Rent Calculator

Transportation

For most budgeteers, the bulk of transportation expenses will probably be their car payment, or auto loan. There is generally much leeway to reduce this expense, as retail prices of different cars vary greatly. Choosing to purchase a car within a specific price range will go a long way towards meeting the financial goals of a budget. As a general rule of thumb, monthly car payments should amount to less than 10% of gross income. Other transportation expenses generally include fuel, maintenance, and insurance. There are a number of different ways to try and cut down on transportation expenses. For one, depending on the region, car ownership is not an absolute necessity, and there are alternative transportation options. If possible, use public transport, carpool, bike, or walk instead. Not only can these help a person meet their budget, but they are also eco-friendly, and some can provide exercise. Maybe consider owning a more fuel-efficient vehicle. If car ownership is a must, routine upkeep can help maintain the car in optimum condition. This may include properly inflating tires, performing oil changes, tuning the engine. Also, try to stay educated on traffic laws and operate motor vehicles in a legal manner; not only will traffic violations result in fines, but they can also cause a hike in auto insurance premiums. Car owners who find that they are paying excessively for fuel may want to change driving habits such as aggressive acceleration. As a rule of thumb, try to keep total transportation costs below 15% of income. Please visit any of the calculators below for more specific information or calculations.

  • Auto Loan Calculator
  • Cash Back or Low Interest Calculator
  • Auto Lease Calculator
  • Gas Mileage Calculator
  • Fuel Cost Calculator

Other Debt & Loan Payments

Credit cards carry negative connotations regarding budgeting because people tend to use them to spend more than they can afford. It is important to remember that credit cards are not an endless resource, and that they must be repaid in a timely manner to avoid large interest payments.

Although credit cards can potentially exacerbate debt, when utilized under strict control, credit cards can be incorporated into a budget as a way to save on purchases and even build good credit. However, particularly for those who have constrained budgets, it is important to use credit cards sparingly to avoid large interest payments that could strain budgets even further. Please visit any of the calculators below for more specific information or calculations.

It is important to make sure not to double dip when accounting for student loans, personal loans, or credit card debt in the budget. For instance, do not add $20 to both Credit Card and Meals Out for the same dinner. This applies to student loans and tuition and credit card balances being carried month-to-month.

  • Credit Card Calculator
  • Credit Cards Payoff Calculator
  • Debt-to-Income Ratio Calculator
  • Debt Payoff Calculator

Living Expenses

While the expenses associated with daily living may seem insignificant when compared to the other categories, they can discreetly add up. A category that has lots of wiggle room in improving a budget is "Meals Out." Cooking at home is generally significantly more cost-efficient than eating out, and depending on how often a person has meals out, eating in more often can potentially reduce living expenses by a large amount.

"Food" and "Meals Out" are part of the expenses breakdown in the results. In general, this combined expense should be less than 15% of income.

In the US, healthcare costs about $10,000 a year on average for each person. Unfortunately, this is an expense that generally has little pliability in a budget. However, there are some strategies that can be used to potentially reduce healthcare costs:

  • Don't smoke, eat healthier, get plenty of sleep, and exercise regularly.
  • Use in-network doctors, hospitals, and facilities.
  • Regularly re-assess health insurance needs.
  • Use tax-advantaged accounts that are created for healthcare spending. In the U.S., this is called a Health Savings Account (HSA).
  • Buy generic drugs when possible.
  • Seniors can try to rearrange their environment in order to reduce the risks of falling, since falling is one of the most common events that lead to a large healthcare bill for the elderly.

Children & Education

It is often stated that an investment in education is the best investment a person can make. Statistics show a high correlation between higher degrees of education and higher income levels. This category probably has less to do with scaling back, but more to do with planning for it correctly. Keep in mind that in most developed countries, student aid from the government tends to be very accessible so that no matter a person's financial standing, they have the ability to attain higher education. Budgeteers struggling to repay multiple high-interest student loans may consider consolidating them.

Having a child is generally one of the costliest (and time-consuming) expenses for any adult, so it is important to plan for this financially. Please visit any of the calculators below for more specific information or calculations.

  • Student Loan Calculator
  • College Cost Calculator

Savings and Investments

In healthy budgets, excess money tends to be allocated for the future, which includes savings or investments for retirement, emergency funds, or college savings. It is important for budgeteers not to overlook the importance of an emergency fund; having one can make or break being in debt or not. If savings and investments are managed well, it is not uncommon to see average income earners retire at earlier ages. As a general rule of thumb, it is recommended for the total of this section to be 15% or higher. Please visit any of the calculators below for more specific information or calculations.

  • 401K Calculator
  • Roth IRA Calculator
  • IRA Calculator
  • Retirement Calculator
  • Pension Calculator
  • Savings Calculator

Miscellaneous Expenses

This section of expenses is generally the most pliable in a personal budget relative to other categories such as housing or savings. It includes a number of expenses that could fall within the blurred lines of "needs" and "wants." This leaves a lot of room for personal discretion, which can be a good or bad thing. Bad in that over-expenditure can wreck a budget, but good in that moderation can ease stress and potentially heal a budget. Important decisions regarding whether or not to take an expensive trip to the Maldives, whether to attend a Super Bowl in town, or whether it's worth spending large amounts on an art collection go a long way towards achieving financial goals. Lavish vacations, loving pets, and fulfilling hobbies are all great ways to invest in oneself, only if financially feasible. For anyone looking to fix a faltering budget, this section should be the first area to evaluate.

Financial Mentor

Budget calculator, determine how much you can spend as a percentage of your income.

Use this budget calculator to plan estimated expenses based on income. Just enter your ...show more instructions income (annual or monthly) and this budgeting tool will calculate the conventional spending amounts based on normal percentage ranges. These ranges were determined by cross referencing the Consumer Expenditure Survey from the U.S. Bureau of Labor Statistics against various personal finance guru recommendations.

You can then create a household budget worksheet to use as a reference point for creating a budget.

Your personal budget will vary within these percentages based on personal preferences and income level. For example, lower incomes will have higher percentages for necessities like food. Higher incomes will have larger percentages for pension and insurance but lower for food.

This calculator works great in tandem with the expenses calculator here to compare these suggested allocations with your actual spending.

And if you'd like to take the next step beyond budgeting and start growing wealth then take this free 5 video lesson course 5 Rookie Financial Planning Mistakes That Cost You Big-Time (and what to do instead!)

How To Start Saving And Control Spending Using A Budget

Do you ever wonder where all your money goes?

Is there more month than money to pay for it?

If this is your scenario then this Budget Calculator can help you take control of your money and get your savings back on track.

There are lots of free budget planners online that can help you create your first budget template. But before you jump in, make sure that you are ready with your list of inputs necessary for creating a budget.

budget calculator image

Plan Before You Start

The purpose of budgeting is to allocate your income between your estimated expense categories for the month.

However, the process can be confusing because there are so many different expense categories plus some expenses get paid monthly, others quarterly, and still others only occur annually.

How can they all fit within a single budget?

Related: Here’s a scientific system to build your wealth now

Elements For Creating A Budget

There are various elements that make up the income portion of your budget:

  • Net Income – Your salary after deducting taxes.
  • Rent Income – Money received from renting a house or other property.
  • Interest Income – The amount of money earned from deposits after deducting taxes.
  • Pension – The money received during retirement.
  • Other Earnings – Income received in the form of allowances, subsidies, etc.

Similarly, you can divide the monthly expense portion of your budget into the following categories:

  • Rent Expense – The amount paid for house rent or mortgage payments.
  • Groceries – The actual amount spent in your groceries.
  • Utilities – The money spent for paying water, electricity, telephone, etc.
  • Debt – The actual amount you pay for your credit card and other debts.
  • Transportation – Expenses for maintaining your car like fuel, repairs, car washes, etc.
  • Miscellaneous Expenses – The amount of money reserved for unexpected necessary expenses.
  • Savings – The amount you need to save each month.
  • Recreation/Vacation – The amount you need to allocate for your yearly family vacation for fun money.

Irregular or annual expenses can be budget busters if mishandled and must be treated differently.

The best strategy is to take the annual amount and divide it by 12 to get a monthly expense and then save that amount every month so that you have the cash on hand to pay the annual bill when it arrives. Below is a list of common expenses paid annually:

  • Insurance Premiums – The premium paid to your insurance provider every year like car, home, life, and disability.
  • School Fees – The amount you pay for your family’s education.
  • Vacation/Recreation – The amount you need to set aside for your family’s vacation and recreational needs.

Steps To Using A Budget Calculator

  • Set your financial goal. What do you want the end result of your budget to look like?
  • Write down all the money coming in that makes up your income.
  • Record all your monthly expenses and categorize them into fixed (unavoidable) or variable (avoidable) expenses. Don’t forget to include the non-monthly expenses, which includes payment for insurance premiums, school tuition fees, property taxes, etc. This list should also include your monthly debt payments.
  • Allocate funds for miscellaneous expenses that can't be predicted. This will serve as your emergency fund.
  • Sit down with your spouse when setting up a budget. It is best that you agree on which expenses you need to prioritize.
  • Set a schedule for implementing the family budget template, review your list every month, and adjust your expenses based on your needs.

Ways To Stick To Your Budget Plan

Once you're done creating a budget, it is important that you stick to it. Sticking to your budget plan can be frustrating especially when you have big expenses coming up that weren't anticipated. Below are tips to help you avoid this problem:

  • Evaluate your need and discuss with your spouse. Use tools like this Budget Calculator to make the process dynamic so you can add any unforeseen expenses in your next month’s budget.
  • Set a savings goal. Allocate money to save each month and build a cushion.
  • Avoid using your credit card for paying your expenses. This will give you better control over your cash.
  • Pay off your debt. Accelerate your debt payments and avoid paying only the minimum amount required on your credit card .
  • Monitor your expenses and eliminate bad spending habits.
  • Examine your spending and check which expenses you can reduce in future months.

Final Thoughts

Budgeting is an essential tool on your path to financial freedom. You must spend less than you make to create savings. Unless you have extraordinary self-discipline, it won't happen without a budget plan.

Related: Why you need a wealth plan, not a financial plan.

When you follow a budget you have more control over your money and increase savings. The first step is debt freedom, and the second step is financial freedom, but it all starts with proper budgeting.

Other Personal Finance Calculators :

  • Net Worth Calculator What is my financial net worth?
  • Expense Calculator How much of my income is going to each expense category?
  • Convert Irregular Payments To Monthly Budget How much should I budget each month for all my quarterly, annual, and irregular payments?
  • Compound Interest Calculator How will my savings compound and grow over time?
  • Cash Flow Calculator How do I project all my irregular income and uneven expenses into a reliable cash flow projection?
  • Present Value Calculator What is the value today of a lump sum payment in the future?
  • Latte Factor Calculator Do periodic, unnecessary expenses really matter?
  • Life Insurance Calculator How much life insurance do I need?
  • Wage Calculator – Convert Salary To Hourly Pay What does my salary equal in hourly pay – both real and nominal?

Anybody can learn to build a secure retirement -- and you don't need a financial advisor.

My course, Expectancy Wealth Planning , has been called "the best financial education on the internet" and provides all the knowledge you'll ever need to build the life -- and retirement -- of your dreams.

Expectancy Wealth Planning

Click Below To Learn How To...

Invest smart. Build wealth. Retire early. Live free.

Get your free wealth building tooklit:.

  • FREE COURSE: 52 Weeks To Financial Freedom
  • FREE BOOK: 18 Essential Lessons From A Millionaire
  • Tools and Tips Not Found On This Site

Calculators

Retirement Mortgage Credit Card Debt Payoff Auto Loan Savings Investment Loan Personal Finance Compound Interest Calculator Debt Snowball Calculator

About Financial Mentor About Financial Coaching Our Books 7 Steps To 7 Figures Podcast Todd R. Tresidder Press Room Contact

How To Invest Your Money Recommended Reading Recommended Tools New Visitors Start Here Ask Todd Courses Books Audio

Home    Privacy Statement    Terms of Use    Contact Us

Yes, Send My FREE Wealth Building Blueprint!

  • E-Course: “52 Weeks to Financial Freedom”
  • Audio: Get my top tips
  • E-Book: "18 Essential Lessons From A Self-Made Millionaire"

Yes, email me a screenshot of my calculator results!

We’ll email you a screen print of the calculator you just completed, exactly as it appears on your screen. We don’t save any of your data: it’s just an image. You can unsubscribe whenever you want.

Calculator screenshot sample

Enter Your Email And We’ll Send You A Convenient PDF Of This Article!

Tell us where to send your 2 video guide showing uncommon strategies for accurately calculating how much you need to retire….

Free video tutorial

Tell Me When The Course Is Ready!

You’ll learn how to make more by risking less.

You’ll learn how to calculate your retirement number with confidence.

Hey, I understand that buying this course is an important decision. That’s why I let you…

Test Drive The Course – FREE! Get 5 Sample Lessons Immediately

  • No cost or obligation.
  • No hooks or gimmicks.
  • The goal is to let you experience the quality for yourself.
  • You can unsubscribe anytime.

Take your financial strategy to the next level…

Get 5 FREE Video Lessons With Uncommon Insights To Accelerate Your Financial Growth

Investing Disclosure

The investment information provided in this table is for informational and general educational purposes only and should not be construed as investment or financial advice. Bankrate does not offer advisory or brokerage services, nor does it provide individualized recommendations or personalized investment advice. Investment decisions should be based on an evaluation of your own personal financial situation, needs, risk tolerance and investment objectives. Investing involves risk including the potential loss of principal.

Asset Allocation Calculator

Create a balanced portfolio.

The Asset Allocation Calculator is designed to help create a balanced portfolio of investments. Age, ability to tolerate risk, and several other factors are used to calculate a desirable mix of stocks, bonds and cash. The asset allocation calculator is a great place to start the analysis in building a balanced portfolio. Click on the "View Report" button for a detailed look at the results.

Compare Investments and Savings Accounts

Investments.

  • Best Safe Investments
  • Best Brokerage Acct Bonuses
  • Best Ways to Invest $30K
  • Best Online Brokers for Stocks
  • Best Brokers for Low Fees
  • Brokerage Accts
  • Merrill Edge

SAVINGS AND CD RATES

  • Savings Rates
  • Money Market Rates
  • Search Search Please fill out this field.

20%: Savings

Importance of savings.

  • Benefits of the Rule
  • How to Adopt the Rule

The Bottom Line

  • Budgeting & Savings

The 50/30/20 Budget Rule Explained With Examples

income allocation calculator

U.S. Sen. Elizabeth Warren popularized the 50/20/30 budget rule in her book, All Your Worth: The Ultimate Lifetime Money Plan. The rule is to split your after-tax income into three categories of spending: 50% on needs, 30% on wants, and 20% on savings.

This intuitive and straightforward rule can help you draw up a reasonable budget that you can stick to over time in order to meet your financial goals.

Key Takeaways

  • The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do.
  • The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).
  • The rule is a template that is intended to help individuals manage their money, to balance paying for necessities with saving for emergencies and retirement.
  • People who follow the 50/30/20 rule can simplify it by setting up automatic deposits, using automatic payments, and tracking changes in income.

Needs are the bills that you absolutely must pay and the things necessary for survival. Half of your after-tax income should be all that you need to cover those needs and obligations. If you are spending more than that on your needs, you will have to either cut down on wants or try to downsize your lifestyle, perhaps to a smaller home or more modest car. Maybe carpooling or taking public transportation to work is a solution, or cooking at home more often. Examples of "needs" include but aren't limited to:

  • Rent or mortgage payments
  • Car payments
  • Insurance and health care
  • Minimum debt payments

Wants are all the things you spend money on that are not absolutely essential. Anything in the "wants" bucket is optional if you boil it down. For example, you can work out at home instead of going to the gym, cook instead of eating out, or watch sports on TV instead of getting tickets to the game.

This category also includes those upgrade decisions you make, such as choosing a costlier steak instead of a less expensive hamburger, buying a Mercedes instead of a more economical Honda, or choosing between watching television using an antenna for free or spending money to watch cable TV. Basically, wants are all those little extras you spend money on that make life more enjoyable and entertaining. In general, examples of "wants" include but aren't limited to:

  • New unnecessary clothes or accessories like handbags or jewelry
  • Tickets to sporting events
  • Vacations or other non-essential travel
  • The latest electronic gadget (especially an upgrade over a fully functioning prior model)
  • Ultra-high-speed Internet beyond your streaming needs

Finally, try to allocate 20% of your net income to savings and investments. You should have at least three months of emergency savings on hand in case you lose your job or an unforeseen event occurs. After that, focus on retirement and meeting more distant financial goals. Examples of savings could include:

  • Creating an emergency fund
  • Making IRA contributions to a mutual fund account
  • Investing in the stock market
  • Setting aside funds to buy physical property for long-term holding
  • Making debt repayments beyond minimum payments

If emergency funds are ever used, the first allocation of additional income should be to replenish the emergency fund account.

Americans are notoriously bad at saving, and the nation has extremely high levels of debt. As of November 2023, the average personal savings rate for individuals in the United States was just 4.1%.

The 50-30-20 rule is intended to help individuals manage their after-tax income, primarily to have funds on hand for emergencies and savings for retirement . Every household should prioritize creating an emergency fund in case of job losses, unexpected medical expenses, or any other unforeseen monetary cost. If an emergency fund is used, a household should focus first on replenishing it.

Saving for retirement is also a critical step as individuals are living longer. Calculating how much you will need for retirement, beginning at a young age, and working towards that goal will ensure a comfortable retirement.

Benefits of the 50/30/20 Budget Rule

The 50/30/20 rule can guide individuals to financial prosperity in a number of different ways. Potential benefits of these guidelines include:

  • Ease of use: The 50/30/20 rule offers a straightforward framework for budgeting, making it simple to comprehend and apply. You may distribute your income immediately without the need for intricate calculations. Even the least financially-savvy person can adhere to these rules.
  • Better money management: By using a budget, you may manage your money in a balanced way. You can ensure that your necessary costs are covered, that you have money for discretionary spending , and that you're actively saving for the future. In this way, you can save for current as well as future needs, and still have a little fun with your finances.
  • Prioritization of vital expenses: You can make sure that you cover your fundamental needs without going over budget or taking on too much debt by giving these basics top priority. As these rules stipulate that half of your budget goes towards needs, this plan helps make sure your essentials are more likely to be met.
  • Emphasis on savings goals: By allocating 20% of your income to savings, you can set up an emergency fund, prepare for retirement, pay off debt, invest, or pursue other financial goals. By consistently saving this amount, you establish sound financial practices and build a safety net for unforeseen costs or future goals.
  • Long-term financial security: Using these rules, you prioritize your financial future by continuously setting aside 20% of your salary. This expenditure on savings can help you accumulate money, meet long-term financial objectives, and give yourself and your family a sense of security as you approach retirement in either the short-term or long-term timeframe.

The idea behind the 50/30/20 rule is that anyone can use these proportions, regardless of their income. However, if your income is low or you live in an area with a higher cost of living, you may need to adjust the percentages.

How to Adopt the 50/30/20 Budget Rule

No single way of tracking to a budget will work for everyone. However, here are some high-level tips on adopting a 50/30/20 budget that are relevant to all individuals.

Track Your Expenses

To better understand your spending habits, keep track of your expenses for a month or two. Analyze your spending to determine how well it adheres to the 50/30/20 breakdown by classifying it into needs, wants, and savings. This will set the groundwork for better understanding how far off from budget you will be at the outset. Also, the only way you'll know you're being successful at adhering to this budget is by tracking your actual spending. Most often, this can be done fairly easily using spreadsheet solutions such as Microsoft Excel .

Understand Your Income

The basis of the 50/30/20 budget is rooted in understanding what your income is. Take caution that your gross income may be vastly different from your net income as Federal income taxes reduce what you'll take home. By understanding what you earn and what actually hits your bank account each pay period, you'll be better positioned to establish the correct budget amounts for the three categories.

Identify Your Critical Costs

This includes expenses such as rent or mortgage payments, utilities, groceries, transportation expenses, insurance premiums, and debt repayments. These costs are non-negotiable, as they are the expenses necessary for your daily living. Because these expenses may take up the largest portion of your budget, it's important to be most mindful with this group. In addition, these expenses must be incurred, so you likely have the least amount of flexibility once you have committed to them.

Locking in a rental agreement may require a six-month or 12-month commitment.

Automate Your Savings

By automating the process, saving will be simpler. Set up monthly automated payments from your checking account to your investment or savings accounts. This guarantees that your funds increase steadily without requiring manual labor. With a lighter burden of administratively managing your savings, you may find it easier to regularly review your budget to make sure it is in line with your lifestyle and financial objectives.

Maintain Consistency

Adopting the 50/30/20 budget guidelines successfully requires maintaining consistency. Over time, stick to your spending strategy and resist the desire to go over budget or depart from your percentage allocations. Like any other form of budget, this plan is often most successful when there are clear guidelines that can be leveraged every month. Be mindful to reset your spending limits each month, and strive to maintain consistency from one period to the next.

Example of the 50/30/20 Budget Rule

Imagine Elaine, a woman who recently graduated from college and started her first full-time job. She wants to develop good financial habits from the beginning and has heard about the 50/30/20 budget rule. Eager to take control of her finances, she decides to set up a 50/30/20 budget.

To understand her spending patterns, Elaine starts tracking her expenses for a month. She uses a budgeting app that categorizes her expenses automatically into needs, wants, and savings. She also calculates her monthly after-tax income , which amounts to $3,500. This will be her basis for allocating her budget according to the 50/30/20 rule.

After analyzing her tracked expenses, Elaine realizes that her essential expenses like rent, utilities, groceries, transportation, and student loan payments add up to approximately $1,750 per month. She allocates exactly 50% of her income, which is $1,750, to cover these needs. She then allocates $1,050 to discretionary items and $700 each month to retirement and savings. And she sets up an automatic transfer from her checking account to her savings account on her payday.

Six months later, Elaine is promoted. Because her income has changed, she reevaluates each budget amount, reviews her overall budget, and adjusts as needed. She also realizes that her transportation expenses are higher than expected, so she decides to start carpooling with a colleague to reduce costs.

Elaine remains disciplined and consistent with her budgeting practice. She prioritizes financial well-being and regularly evaluates her progress toward her goals. As she progresses in her career, she continues to adjust her budget to reflect changes in her income and priorities. She has taken steps to not only have her current needs met but to also have sufficient funds available for her future.

Can I Modify the Percentages in the 50/30/20 Rule to Fit My Circumstances?

Yes, you can modify the percentages in the 50/30/20 rule based on your circumstances and priorities. Adjusting the percentages can help you tailor the rule to better suit your financial goals and needs. This is especially relevant for people living in places with a higher cost of living or for people who have higher long-term retirement saving goals.

Should I Include Taxes in the Calculation of the 50/30/20 Rule?

Taxes are typically excluded from the calculation of the 50%, 30%, 20% rule since it focuses on allocating income after taxes. You should consider your after-tax income when applying the rule. If you do decide to factor in taxes, be mindful to use gross income and appropriately forecast what your taxes will be.

How Can I Budget Effectively Using the 50/30/20 Rule?

To budget effectively using the 50%, 30%, 20% rule, track your expenses, prioritize essential needs, be mindful of wants, and consistently allocate savings or debt repayment within the designated percentage.

Can I Use the 50/30/20 Rule to Save for Long-Term Goals?

Yes, the 50/30/20 rule can be used to save for long-term goals. Allocate a portion of the 20% to savings specifically for your long-term goals, such as a down payment on a house, education funds, or investments. The rule is intentionally meant to bring focus to savings.

Saving is difficult, and life often throws unexpected expenses at us. The 50-30-20 rule provides individuals with a plan for how to manage their after-tax income. If they find that their expenditures on wants are more than 30%, for example, they can find ways to reduce those expenses and direct funds to more important areas, such as emergency money and retirement.

Life should be enjoyed, and living like a Spartan isn't recommended, but having a plan and sticking to it will allow you to cover your expenses and save for retirement, all while doing the activities that make you happy.

FiftyThirtyTwenty.com. " Financial Stability in America ."

Federal Reserve Bank of St. Louis-FRED Economic Data. " Personal Saving Rate ."

income allocation calculator

  • Terms of Service
  • Editorial Policy
  • Privacy Policy
  • Your Privacy Choices

Investment Income Calculator

error icon

See a list of Vanguard funds  to find a fund that meets your needs.

  • Get started
  • State topics

How do I allocate (split) income for a part-year state return?

Allocation, in this case, means to assign income to the state you were living in when you earned it. We'll either ask you to separate the income you earned or to verify the allocation amounts we already calculated for you.

Allocating your income shouldn’t be too difficult, but it can involve some math. You'll need to determine if the income you're allocating is earned or unearned, as these are handled differently:

  • Earned income comes from employment, such as wages, salaries, tips, payment for services, and commissions
  • Unearned income comes from non-employment sources, such as interest, dividends, capital gains, social security, and IRA distributions

Earned income allocations

Allocating earned income is easy if you stopped working for an employer in one state and started working elsewhere after you moved. All you need to do is look at your W-2 or 1099-MISC. Allocate the income from your former job to your former state and your income from the new job to your new state.

What if you continue working at the same job while living in 2 different states? Some companies will send you a W-2 with the state totals listed, others will send you two separate W-2’s for each state. If not or they didn't change the withholding to the second state, then you’ll have to estimate how much income you earned as a resident of one state versus the other. Here's a few ways to do that:

Method 1: This is the simplest method of all and the most accurate if your income fluctuates from paycheck to paycheck.

Find a pay stub with the pay period ending around the time of your move. The YTD (year-to-date) amount on the pay stub is how much you earned while residing in your former state.

Method 2: This method is pretty accurate as long as your income is more or less the same from paycheck to paycheck.

Estimate the number of weeks/months you worked at that job while a resident of one state and divide it by the total of number of weeks/months you worked at that job to come up with a factor. Apply the factor to your total income from that job to come up with the allocation for that state.

For example, if you worked at that same job the entire year and moved in early May, you earned roughly 4 months' worth of income (1/3 or 33% of your total income) in your old state. Multiply the total income from that job by .33 to obtain the allocation for your former state. The remainder gets allocated to your new state.

Method 3: This method is the most accurate, but it also assumes your income is more or less the same from paycheck to paycheck.

First, find the Julian date of your move (also called an ordinal date). Search for Julian date in your favorite search engine.

  • For example, if you moved on August 8, 2023, the Julian date is 220, which simply means August 8 is the 220th day of 2023.

Then divide your Julian date by 365 to come up with a factor, which should be less than 1. Apply your factor to the year's total income from that job to get the income allocation for your former state. The remainder is allocated to your new state.

Tip: Your payroll department may also be able to help. They should have access to time sheets and other records that can give you an accurate picture of your earnings before and after your move date.

Unearned income allocations

Allocating unearned income is pretty straightforward: just allocate it to the state you were a resident of when you received it. Here are some examples:

  • You received three quarterly dividend payments while living in Arkansas, and the remaining dividend while living in Oklahoma. Allocate the first three payments to Arkansas and the last payment to Oklahoma.
  • You sold some stocks right after you moved to Iowa. Allocate the gain to Iowa.
  • On the other hand, if the account remains open, you'd allocate the interest you earned as California resident to California, and the remainder to your new state. An easy allocation method is to divide the year's interest by 12, and then multiply the figure by the number of months you lived in each state.

Related Information:

  • How do I file a part-year state return?
  • How do I prepare a joint federal return and separate state returns?
  • Do I have to file tax returns in more than one state?
  • How do I file a 2022, 2021, or 2020 tax return?

Was this helpful?

Found what you need?

Already have an account? Sign In

rating

  • Credit Karma

Dynamic Ads

Please enter a valid email address

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

Your email has been sent.

Mutual Funds and Mutual Fund Investing - Fidelity Investments

Clicking a link will open a new window.

  • Default text size A
  • Larger text size A
  • Largest text size A
  • Calculators & Tools Overview

Investing Calculators & Tools

Our investing tools can help you review your current strategy and maintain a portfolio with investments that fit your needs.

  • 800-343-3548 800-343-3548
  • Chat with a representative

Make smarter, more-informed investing decisions

Planning & guidance center.

See how well your investments align with your financial goals and evaluate different investing strategies. You can even explore potential changes to see how different decisions may impact your outlook.

income allocation calculator

All investing calculators & tools

Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options . Supporting documentation for any claims, if applicable, will be furnished upon request.

  • Mutual Funds
  • Fixed Income
  • Active Trader Pro
  • Investor Centers
  • Online Trading
  • Life Insurance & Long Term Care
  • Small Business Retirement Plans
  • Retirement Products
  • Retirement Planning
  • Charitable Giving
  • FidSafe , (Opens in a new window)
  • FINRA's BrokerCheck , (Opens in a new window)
  • Health Savings Account

Stay Connected

income allocation calculator

  • News Releases
  • About Fidelity
  • International
  • Terms of Use
  • Accessibility
  • Contact Us , (Opens in a new window)
  • Disclosures , (Opens in a new window)

Adjusted Gross Income (AGI) Calculator

Table of contents

AGI calculator or adjusted gross income calculator is a tool to estimate your adjusted gross income (AGI), which helps you determine your taxable income and tax bracket. This calculator computes your gross income and subtracts permitted adjustments to arrive at your AGI. The IRS uses your AGI to calculate your taxable income and discover the tax credits and benefits you are qualified to claim.

AGI is also the starting point to figure out your modified adjusted gross income (MAGI), which determines how much you're qualified to contribute each year to your tax-deferred retirement accounts. Here, you will learn the answers to what AGI is, how to calculate AGI, and how AGI impacts your taxable income and tax bracket.

What is AGI?

Adjusted gross income (AGI) is the total or gross income a taxpayer earns minus eligible deductions or adjustments to income, which the IRS allows you to take against this income. These adjustments ensure that you arrive at your actual income before the IRS subtracts the tax deductions and exemptions that provide your taxable income.

Without the AGI, you might have to pay taxes on your gross income, that is, every cent you earn! We all know how scary that thought is. AGI is calculated when individual U.S. taxpayers and households use the IRS form 1040 to calculate and file their yearly taxes.

Speaking of gross income, be sure to also visit the gross to net calculator !

Uses of AGI

AGI has several uses. The most common uses are to determine:

  • How much of your income is taxable;
  • Your tax bracket; and
  • The credits and exemptions you qualify for, including charitable deductions, deductions for adoption expenses, dependent tax credits, and earned income credit.

To arrive at your AGI, the IRS makes deductions from your gross income. The more deductions are made, the less your taxable income and your taxes are less.

For example , you may be able to deduct unreimbursed medical expenses over 10% of your AGI if you choose to itemize deductions. Hence, if you report a medical expense of $15,000 not reimbursed by insurance and have an AGI of $100,000 , you will be able to deduct the $5,000 that exceeds 10% of your AGI ( 10% of $100,000 = $10,000 ). But if your AGI was $50,000 , you will be able to deduct $10,000 from your AGI, which is the amount that exceeds 10% of your AGI ( 10% of $50,000 = $5,000 ). Thus, the lower your AGI, the greater the deduction .

The IRS also uses AGI to prevent taxpayer fraud when you submit your federal tax return electronically. So when you e-file your federal tax return, you will need your AGI to digitally sign and verify your identity or set up a Personal Identification Number (PIN) for your verification.

Since AGI is essentially your gross income minus your adjustments to income, some people refer to it as a net income. But your adjusted gross income is different from net income. While AGI is the 'total taxable income' of an individual, net income refers to the 'total after-tax' income. Net income helps companies determine how efficiently they operate, but AGI helps the IRS determine how to process an individual's taxes for the year. We also explained another metric about evaluating the operating efficiency. You can find it in the NOPAT calculator .

AGI is also the starting point to arrive at your modified adjusted gross income (MAGI). It is generally the AGI with certain excluded income added back. MAGI determines eligibility for other significant tax benefits, including whether you can make tax-deductible contributions to an individual retirement account (described in the IRA calculator ) or contribute to a Roth IRA.

How to calculate AGI?

Before you begin computing your AGI for tax purposes, you may want to find out if you need to file a tax return for the year. Nevertheless, the IRS recommends that you always file your tax return because if you do not owe the government, the government may be owing you, which means you're eligible for a tax refund .

You can calculate your AGI for the year using the following formula:

AGI = gross income – adjustments to income

Gross income – the sum of all the money you earn in a year. Your gross income is a measure that includes all money, property, and the value of services received that the IRS considers 'taxable income.' It specifically consists of the following income sources:

  • Salary, wages, and tips;
  • Business, self-employment, or Farm income and loss;
  • Interest, dividends, and earnings from royalties, partnerships, S corporations, trusts, and license payments;
  • Social Security benefits;
  • Spousal support and or alimony payments (for divorces finalized before 2019) you receive;
  • Capital gains and losses from assets or securities sales;
  • Real Estate or Rental income and losses;
  • Unemployment compensation and or severance pay;
  • Taxable state refunds;
  • Pensions, IRA distributions, and annuity payouts;
  • Awards, prizes, gambling, lottery, and contest winnings;
  • Jury duty fees you earned; and
  • Other income not exempted from the income tax.

It's wise to assume all of your income is taxable and report them on your income tax return to be safe. That way, you don't risk any penalty from failing to report your full taxable income. Some income sources are considered non-taxable, and you can safely exclude them. Non-taxable income sources include:

  • Gifts and inheritance;
  • Cancelled or forgiven debts;
  • Child support or foster care payments;
  • Disability payments;
  • Scholarships or fellowship grants;
  • Payment from the sale of your primary home;
  • Money from rolling over an IRA or retirement plan; and
  • Life insurance proceeds (Unless you receive it for a price).

Adjustments to Income – There are two types of deductions: Above-the-line deductions and Below-the-line deductions. The "line" here is the AGI. Above-the-line deductions are claimed first. The IRS refers to these deductions as 'adjustment to income.' They directly reduce your gross income before any other tax deductions are made on your gross income. These adjustments to income are expenses any taxpayer can claim if it applies to them to arrive at the line or AGI. They are as follows:

  • Educator expenses for classroom supplies up to $250 ;
  • Contributions to a traditional IRA, SEP IRA, SIMPLE IRA, and other qualified retirement plans except to Roth accounts made with after-tax dollars (we have a dedicated Roth IRA calculator if you're interested);
  • Half of self-employment tax (i.e., the employer portion);
  • Healthcare savings account (HSA) contributions (made with after-tax dollars);
  • Health insurance premiums for self-employed workers;
  • Retirement plan contributions for self-employed workers;
  • Alimony paid for divorces finalized before 2019 (included in the recipient's gross income);
  • Early withdrawal penalties for savings account by financial institutions;
  • School tuition, fees, and student loan interest (for up to $2,500 of the interest you pay on the student loans);
  • Moving expenses for active-duty members of the military moving due to military orders;
  • Business expenses for fee-basis government officials, teachers, performing artists, and members of the military reserve forces (reservists) who traveled more than 100 miles to perform reserve services;
  • Jury duty pay you received and turned over to your employer because they continued to pay you while you served on jury duty;
  • Non-taxable portion of medals or prize money won in the Olympics or Paralympics;
  • Reforestation expenses and amortization of timber property, up to $10,000 ;
  • Contributions to the 501(c)(18)(D) employer-funded pension plan;
  • Contributions to 403(b) retirement plans by chaplains;
  • Attorney fees and court costs paid to recover a judgment or settlement for a claim of unlawful discrimination against you;
  • Attorney fees and court costs paid in connection with helping the IRS detect tax law violations.

Each of these deductions has its requirements you must meet to subtract it from your gross income. After you've taken these above-the-line deductions, your final result is your AGI.

You can then claim the below-the-line deductions to determine your taxable income. To do this, the IRS gives two options:

  • You can either itemize your deductions, such that you subtract specific types of expenses from your AGI; or
  • You can make a standard deduction like everyone else based on your filing status.

Most people choose to itemize their deduction when it's likely to reduce their taxable income more than when they claim the standard deduction. But there are AGI limitations that prevent high-income earners from itemizing their deduction. Thus, the main difference between the above-the-line deductions and the below-the-deductions is when and who can claim them during the tax filing process. You can check out the Modified adjusted gross income - MAGI calculator - to learn how AGI is further 'adjusted' to determine your eligibility for government-subsidized programs.

What is not included in AGI?

Some deductions, known as "below-the-line deductions" or itemized deductions, are subtracted from the AGI to arrive at taxable income. These deductions may include mortgage interest , state and local taxes , medical expenses , charitable contributions , and others.

Can my AGI be negative?

Yes , in certain circumstances, the AGI can be negative. This may occur if the deductions claimed exceed the total income, resulting in a negative AGI. However, a negative AGI does not necessarily mean a refund or negative tax liability. The tax owed is determined by the taxable income, not the AGI.

How can I calculate my adjusted gross income?

You can calculate your adjusted gross income (AGI) in 3 steps:

Determine your gross annual income .

Compute your total deductions .

Apply the adjusted gross income formula:

AGI = gross annual income - total deductions .

What is the AGI if the gross income is $100,000?

Assuming that you have a total deduction of $10,000 , the AGI will be $90,000 . You can calculate the adjusted gross income using this formula:

The cost of doing business calculator can help you to calculate the total operating cost per day.

The discount calculator uses a product's original price and discount percentage to find the final price and the amount you save.

Our NAV calculator can help you analyze the value of investment funds by calculating their net asset value.

.css-1x639n5.css-1x639n5{color:#2B3148;background-color:transparent;font-family:"Roboto","Helvetica","Arial",sans-serif;font-size:24px;line-height:24px;overflow:visible;padding-top:0px;position:relative;}.css-1x639n5.css-1x639n5:after{content:'';-webkit-transform:scale(0);-moz-transform:scale(0);-ms-transform:scale(0);transform:scale(0);position:absolute;border:2px solid #EA9430;border-radius:2px;inset:-8px;z-index:1;}.css-1x639n5 .js-external-link-button.link-like,.css-1x639n5 .js-external-link-anchor{color:inherit;border-radius:1px;-webkit-text-decoration:underline;text-decoration:underline;}.css-1x639n5 .js-external-link-button.link-like:hover,.css-1x639n5 .js-external-link-anchor:hover,.css-1x639n5 .js-external-link-button.link-like:active,.css-1x639n5 .js-external-link-anchor:active{text-decoration-thickness:2px;text-shadow:1px 0 0;}.css-1x639n5 .js-external-link-button.link-like:focus-visible,.css-1x639n5 .js-external-link-anchor:focus-visible{outline:transparent 2px dotted;box-shadow:0 0 0 2px #6314E6;}.css-1x639n5 p,.css-1x639n5 div{margin:0px;display:block;}.css-1x639n5 pre{margin:0px;display:block;}.css-1x639n5 pre code{display:block;width:-webkit-fit-content;width:-moz-fit-content;width:fit-content;}.css-1x639n5 pre:not(:first-child){padding-top:8px;}.css-1x639n5 ul,.css-1x639n5 ol{display:block margin:0px;padding-left:20px;}.css-1x639n5 ul li,.css-1x639n5 ol li{padding-top:8px;}.css-1x639n5 ul ul,.css-1x639n5 ol ul,.css-1x639n5 ul ol,.css-1x639n5 ol ol{padding-top:0px;}.css-1x639n5 ul:not(:first-child),.css-1x639n5 ol:not(:first-child){padding-top:4px;} .css-ykr2zs{margin:auto;background-color:white;overflow:auto;overflow-wrap:break-word;word-break:break-word;}.css-ykr2zs code,.css-ykr2zs kbd,.css-ykr2zs pre,.css-ykr2zs samp{font-family:monospace;}.css-ykr2zs code{padding:2px 4px;color:#444;background:#ddd;border-radius:4px;}.css-ykr2zs figcaption,.css-ykr2zs caption{text-align:center;}.css-ykr2zs figcaption{font-size:12px;font-style:italic;overflow:hidden;}.css-ykr2zs h3{font-size:1.75rem;}.css-ykr2zs h4{font-size:1.5rem;}.css-ykr2zs .mathBlock{font-size:24px;-webkit-padding-start:4px;padding-inline-start:4px;}.css-ykr2zs .mathBlock .katex{font-size:24px;text-align:left;}.css-ykr2zs .math-inline{background-color:#f0f0f0;display:inline-block;font-size:inherit;padding:0 3px;}.css-ykr2zs .videoBlock,.css-ykr2zs .imageBlock{margin-bottom:16px;}.css-ykr2zs .imageBlock__image-align--left,.css-ykr2zs .videoBlock__video-align--left{float:left;}.css-ykr2zs .imageBlock__image-align--right,.css-ykr2zs .videoBlock__video-align--right{float:right;}.css-ykr2zs .imageBlock__image-align--center,.css-ykr2zs .videoBlock__video-align--center{display:block;margin-left:auto;margin-right:auto;clear:both;}.css-ykr2zs .imageBlock__image-align--none,.css-ykr2zs .videoBlock__video-align--none{clear:both;margin-left:0;margin-right:0;}.css-ykr2zs .videoBlock__video--wrapper{position:relative;padding-bottom:56.25%;height:0;}.css-ykr2zs .videoBlock__video--wrapper iframe{position:absolute;top:0;left:0;width:100%;height:100%;}.css-ykr2zs .videoBlock__caption{text-align:left;}@font-face{font-family:'KaTeX_AMS';src:url(/katex-fonts/KaTeX_AMS-Regular.woff2) format('woff2'),url(/katex-fonts/KaTeX_AMS-Regular.woff) format('woff'),url(/katex-fonts/KaTeX_AMS-Regular.ttf) format('truetype');font-weight:normal;font-style:normal;}@font-face{font-family:'KaTeX_Caligraphic';src:url(/katex-fonts/KaTeX_Caligraphic-Bold.woff2) format('woff2'),url(/katex-fonts/KaTeX_Caligraphic-Bold.woff) format('woff'),url(/katex-fonts/KaTeX_Caligraphic-Bold.ttf) format('truetype');font-weight:bold;font-style:normal;}@font-face{font-family:'KaTeX_Caligraphic';src:url(/katex-fonts/KaTeX_Caligraphic-Regular.woff2) format('woff2'),url(/katex-fonts/KaTeX_Caligraphic-Regular.woff) format('woff'),url(/katex-fonts/KaTeX_Caligraphic-Regular.ttf) format('truetype');font-weight:normal;font-style:normal;}@font-face{font-family:'KaTeX_Fraktur';src:url(/katex-fonts/KaTeX_Fraktur-Bold.woff2) format('woff2'),url(/katex-fonts/KaTeX_Fraktur-Bold.woff) format('woff'),url(/katex-fonts/KaTeX_Fraktur-Bold.ttf) format('truetype');font-weight:bold;font-style:normal;}@font-face{font-family:'KaTeX_Fraktur';src:url(/katex-fonts/KaTeX_Fraktur-Regular.woff2) format('woff2'),url(/katex-fonts/KaTeX_Fraktur-Regular.woff) format('woff'),url(/katex-fonts/KaTeX_Fraktur-Regular.ttf) format('truetype');font-weight:normal;font-style:normal;}@font-face{font-family:'KaTeX_Main';src:url(/katex-fonts/KaTeX_Main-Bold.woff2) format('woff2'),url(/katex-fonts/KaTeX_Main-Bold.woff) format('woff'),url(/katex-fonts/KaTeX_Main-Bold.ttf) format('truetype');font-weight:bold;font-style:normal;}@font-face{font-family:'KaTeX_Main';src:url(/katex-fonts/KaTeX_Main-BoldItalic.woff2) format('woff2'),url(/katex-fonts/KaTeX_Main-BoldItalic.woff) format('woff'),url(/katex-fonts/KaTeX_Main-BoldItalic.ttf) format('truetype');font-weight:bold;font-style:italic;}@font-face{font-family:'KaTeX_Main';src:url(/katex-fonts/KaTeX_Main-Italic.woff2) format('woff2'),url(/katex-fonts/KaTeX_Main-Italic.woff) format('woff'),url(/katex-fonts/KaTeX_Main-Italic.ttf) format('truetype');font-weight:normal;font-style:italic;}@font-face{font-family:'KaTeX_Main';src:url(/katex-fonts/KaTeX_Main-Regular.woff2) format('woff2'),url(/katex-fonts/KaTeX_Main-Regular.woff) format('woff'),url(/katex-fonts/KaTeX_Main-Regular.ttf) format('truetype');font-weight:normal;font-style:normal;}@font-face{font-family:'KaTeX_Math';src:url(/katex-fonts/KaTeX_Math-BoldItalic.woff2) format('woff2'),url(/katex-fonts/KaTeX_Math-BoldItalic.woff) format('woff'),url(/katex-fonts/KaTeX_Math-BoldItalic.ttf) format('truetype');font-weight:bold;font-style:italic;}@font-face{font-family:'KaTeX_Math';src:url(/katex-fonts/KaTeX_Math-Italic.woff2) format('woff2'),url(/katex-fonts/KaTeX_Math-Italic.woff) format('woff'),url(/katex-fonts/KaTeX_Math-Italic.ttf) format('truetype');font-weight:normal;font-style:italic;}@font-face{font-family:'KaTeX_SansSerif';src:url(/katex-fonts/KaTeX_SansSerif-Bold.woff2) format('woff2'),url(/katex-fonts/KaTeX_SansSerif-Bold.woff) format('woff'),url(/katex-fonts/KaTeX_SansSerif-Bold.ttf) format('truetype');font-weight:bold;font-style:normal;}@font-face{font-family:'KaTeX_SansSerif';src:url(/katex-fonts/KaTeX_SansSerif-Italic.woff2) format('woff2'),url(/katex-fonts/KaTeX_SansSerif-Italic.woff) format('woff'),url(/katex-fonts/KaTeX_SansSerif-Italic.ttf) format('truetype');font-weight:normal;font-style:italic;}@font-face{font-family:'KaTeX_SansSerif';src:url(/katex-fonts/KaTeX_SansSerif-Regular.woff2) format('woff2'),url(/katex-fonts/KaTeX_SansSerif-Regular.woff) format('woff'),url(/katex-fonts/KaTeX_SansSerif-Regular.ttf) format('truetype');font-weight:normal;font-style:normal;}@font-face{font-family:'KaTeX_Script';src:url(/katex-fonts/KaTeX_Script-Regular.woff2) format('woff2'),url(/katex-fonts/KaTeX_Script-Regular.woff) format('woff'),url(/katex-fonts/KaTeX_Script-Regular.ttf) format('truetype');font-weight:normal;font-style:normal;}@font-face{font-family:'KaTeX_Size1';src:url(/katex-fonts/KaTeX_Size1-Regular.woff2) format('woff2'),url(/katex-fonts/KaTeX_Size1-Regular.woff) format('woff'),url(/katex-fonts/KaTeX_Size1-Regular.ttf) format('truetype');font-weight:normal;font-style:normal;}@font-face{font-family:'KaTeX_Size2';src:url(/katex-fonts/KaTeX_Size2-Regular.woff2) format('woff2'),url(/katex-fonts/KaTeX_Size2-Regular.woff) format('woff'),url(/katex-fonts/KaTeX_Size2-Regular.ttf) format('truetype');font-weight:normal;font-style:normal;}@font-face{font-family:'KaTeX_Size3';src:url(/katex-fonts/KaTeX_Size3-Regular.woff2) format('woff2'),url(/katex-fonts/KaTeX_Size3-Regular.woff) format('woff'),url(/katex-fonts/KaTeX_Size3-Regular.ttf) format('truetype');font-weight:normal;font-style:normal;}@font-face{font-family:'KaTeX_Size4';src:url(/katex-fonts/KaTeX_Size4-Regular.woff2) format('woff2'),url(/katex-fonts/KaTeX_Size4-Regular.woff) format('woff'),url(/katex-fonts/KaTeX_Size4-Regular.ttf) format('truetype');font-weight:normal;font-style:normal;}@font-face{font-family:'KaTeX_Typewriter';src:url(/katex-fonts/KaTeX_Typewriter-Regular.woff2) format('woff2'),url(/katex-fonts/KaTeX_Typewriter-Regular.woff) format('woff'),url(/katex-fonts/KaTeX_Typewriter-Regular.ttf) format('truetype');font-weight:normal;font-style:normal;}.css-ykr2zs .katex{font:normal 1.21em KaTeX_Main,Times New Roman,serif;line-height:1.2;text-indent:0;text-rendering:auto;}.css-ykr2zs .katex *{-ms-high-contrast-adjust:none!important;border-color:currentColor;}.css-ykr2zs .katex .katex-version::after{content:'0.13.13';}.css-ykr2zs .katex .katex-mathml{position:absolute;clip:rect(1px, 1px, 1px, 1px);padding:0;border:0;height:1px;width:1px;overflow:hidden;}.css-ykr2zs .katex .katex-html>.newline{display:block;}.css-ykr2zs .katex .base{position:relative;display:inline-block;white-space:nowrap;width:-webkit-min-content;width:-moz-min-content;width:-webkit-min-content;width:-moz-min-content;width:min-content;}.css-ykr2zs .katex .strut{display:inline-block;}.css-ykr2zs .katex .textbf{font-weight:bold;}.css-ykr2zs .katex .textit{font-style:italic;}.css-ykr2zs .katex .textrm{font-family:KaTeX_Main;}.css-ykr2zs .katex .textsf{font-family:KaTeX_SansSerif;}.css-ykr2zs .katex .texttt{font-family:KaTeX_Typewriter;}.css-ykr2zs .katex .mathnormal{font-family:KaTeX_Math;font-style:italic;}.css-ykr2zs .katex .mathit{font-family:KaTeX_Main;font-style:italic;}.css-ykr2zs .katex .mathrm{font-style:normal;}.css-ykr2zs .katex .mathbf{font-family:KaTeX_Main;font-weight:bold;}.css-ykr2zs .katex .boldsymbol{font-family:KaTeX_Math;font-weight:bold;font-style:italic;}.css-ykr2zs .katex .amsrm{font-family:KaTeX_AMS;}.css-ykr2zs .katex .mathbb,.css-ykr2zs .katex .textbb{font-family:KaTeX_AMS;}.css-ykr2zs .katex .mathcal{font-family:KaTeX_Caligraphic;}.css-ykr2zs .katex .mathfrak,.css-ykr2zs .katex .textfrak{font-family:KaTeX_Fraktur;}.css-ykr2zs .katex .mathtt{font-family:KaTeX_Typewriter;}.css-ykr2zs .katex .mathscr,.css-ykr2zs .katex .textscr{font-family:KaTeX_Script;}.css-ykr2zs .katex .mathsf,.css-ykr2zs .katex .textsf{font-family:KaTeX_SansSerif;}.css-ykr2zs .katex .mathboldsf,.css-ykr2zs .katex .textboldsf{font-family:KaTeX_SansSerif;font-weight:bold;}.css-ykr2zs .katex .mathitsf,.css-ykr2zs .katex .textitsf{font-family:KaTeX_SansSerif;font-style:italic;}.css-ykr2zs .katex .mainrm{font-family:KaTeX_Main;font-style:normal;}.css-ykr2zs .katex .vlist-t{display:inline-table;table-layout:fixed;border-collapse:collapse;}.css-ykr2zs .katex .vlist-r{display:table-row;}.css-ykr2zs .katex .vlist{display:table-cell;vertical-align:bottom;position:relative;}.css-ykr2zs .katex .vlist>span{display:block;height:0;position:relative;}.css-ykr2zs .katex .vlist>span>span{display:inline-block;}.css-ykr2zs .katex .vlist>span>.pstrut{overflow:hidden;width:0;}.css-ykr2zs .katex .vlist-t2{margin-right:-2px;}.css-ykr2zs .katex .vlist-s{display:table-cell;vertical-align:bottom;font-size:1px;width:2px;min-width:2px;}.css-ykr2zs .katex .vbox{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;-webkit-align-items:baseline;-webkit-box-align:baseline;-ms-flex-align:baseline;align-items:baseline;}.css-ykr2zs .katex .hbox{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;width:100%;}.css-ykr2zs .katex .thinbox{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;width:0;max-width:0;}.css-ykr2zs .katex .msupsub{text-align:left;}.css-ykr2zs .katex .mfrac>span>span{text-align:center;}.css-ykr2zs .katex .mfrac .frac-line{display:inline-block;width:100%;border-bottom-style:solid;}.css-ykr2zs .katex .mfrac .frac-line,.css-ykr2zs .katex .overline .overline-line,.css-ykr2zs .katex .underline .underline-line,.css-ykr2zs .katex .hline,.css-ykr2zs .katex .hdashline,.css-ykr2zs .katex .rule{min-height:1px;}.css-ykr2zs .katex .mspace{display:inline-block;}.css-ykr2zs .katex .llap,.css-ykr2zs .katex .rlap,.css-ykr2zs .katex .clap{width:0;position:relative;}.css-ykr2zs .katex .llap>.inner,.css-ykr2zs .katex .rlap>.inner,.css-ykr2zs .katex .clap>.inner{position:absolute;}.css-ykr2zs .katex .llap>.fix,.css-ykr2zs .katex .rlap>.fix,.css-ykr2zs .katex .clap>.fix{display:inline-block;}.css-ykr2zs .katex .llap>.inner{right:0;}.css-ykr2zs .katex .rlap>.inner,.css-ykr2zs .katex .clap>.inner{left:0;}.css-ykr2zs .katex .clap>.inner>span{margin-left:-50%;margin-right:50%;}.css-ykr2zs .katex .rule{display:inline-block;border:solid 0;position:relative;}.css-ykr2zs .katex .overline .overline-line,.css-ykr2zs .katex .underline .underline-line,.css-ykr2zs .katex .hline{display:inline-block;width:100%;border-bottom-style:solid;}.css-ykr2zs .katex .hdashline{display:inline-block;width:100%;border-bottom-style:dashed;}.css-ykr2zs .katex .sqrt>.root{margin-left:0.27777778em;margin-right:-0.55555556em;}.css-ykr2zs .katex .sizing.reset-size1.size1,.css-ykr2zs .katex .fontsize-ensurer.reset-size1.size1{font-size:1em;}.css-ykr2zs .katex .sizing.reset-size1.size2,.css-ykr2zs .katex .fontsize-ensurer.reset-size1.size2{font-size:1.2em;}.css-ykr2zs .katex .sizing.reset-size1.size3,.css-ykr2zs .katex .fontsize-ensurer.reset-size1.size3{font-size:1.4em;}.css-ykr2zs .katex .sizing.reset-size1.size4,.css-ykr2zs .katex .fontsize-ensurer.reset-size1.size4{font-size:1.6em;}.css-ykr2zs .katex .sizing.reset-size1.size5,.css-ykr2zs .katex .fontsize-ensurer.reset-size1.size5{font-size:1.8em;}.css-ykr2zs .katex .sizing.reset-size1.size6,.css-ykr2zs .katex .fontsize-ensurer.reset-size1.size6{font-size:2em;}.css-ykr2zs .katex .sizing.reset-size1.size7,.css-ykr2zs .katex .fontsize-ensurer.reset-size1.size7{font-size:2.4em;}.css-ykr2zs .katex .sizing.reset-size1.size8,.css-ykr2zs .katex .fontsize-ensurer.reset-size1.size8{font-size:2.88em;}.css-ykr2zs .katex .sizing.reset-size1.size9,.css-ykr2zs .katex .fontsize-ensurer.reset-size1.size9{font-size:3.456em;}.css-ykr2zs .katex .sizing.reset-size1.size10,.css-ykr2zs .katex .fontsize-ensurer.reset-size1.size10{font-size:4.148em;}.css-ykr2zs .katex .sizing.reset-size1.size11,.css-ykr2zs .katex .fontsize-ensurer.reset-size1.size11{font-size:4.976em;}.css-ykr2zs .katex .sizing.reset-size2.size1,.css-ykr2zs .katex .fontsize-ensurer.reset-size2.size1{font-size:0.83333333em;}.css-ykr2zs .katex .sizing.reset-size2.size2,.css-ykr2zs .katex .fontsize-ensurer.reset-size2.size2{font-size:1em;}.css-ykr2zs .katex .sizing.reset-size2.size3,.css-ykr2zs .katex .fontsize-ensurer.reset-size2.size3{font-size:1.16666667em;}.css-ykr2zs .katex .sizing.reset-size2.size4,.css-ykr2zs .katex .fontsize-ensurer.reset-size2.size4{font-size:1.33333333em;}.css-ykr2zs .katex .sizing.reset-size2.size5,.css-ykr2zs .katex .fontsize-ensurer.reset-size2.size5{font-size:1.5em;}.css-ykr2zs .katex .sizing.reset-size2.size6,.css-ykr2zs .katex .fontsize-ensurer.reset-size2.size6{font-size:1.66666667em;}.css-ykr2zs .katex .sizing.reset-size2.size7,.css-ykr2zs .katex .fontsize-ensurer.reset-size2.size7{font-size:2em;}.css-ykr2zs .katex .sizing.reset-size2.size8,.css-ykr2zs .katex .fontsize-ensurer.reset-size2.size8{font-size:2.4em;}.css-ykr2zs .katex .sizing.reset-size2.size9,.css-ykr2zs .katex .fontsize-ensurer.reset-size2.size9{font-size:2.88em;}.css-ykr2zs .katex .sizing.reset-size2.size10,.css-ykr2zs .katex .fontsize-ensurer.reset-size2.size10{font-size:3.45666667em;}.css-ykr2zs .katex .sizing.reset-size2.size11,.css-ykr2zs .katex .fontsize-ensurer.reset-size2.size11{font-size:4.14666667em;}.css-ykr2zs .katex .sizing.reset-size3.size1,.css-ykr2zs .katex .fontsize-ensurer.reset-size3.size1{font-size:0.71428571em;}.css-ykr2zs .katex .sizing.reset-size3.size2,.css-ykr2zs .katex .fontsize-ensurer.reset-size3.size2{font-size:0.85714286em;}.css-ykr2zs .katex .sizing.reset-size3.size3,.css-ykr2zs .katex .fontsize-ensurer.reset-size3.size3{font-size:1em;}.css-ykr2zs .katex .sizing.reset-size3.size4,.css-ykr2zs .katex .fontsize-ensurer.reset-size3.size4{font-size:1.14285714em;}.css-ykr2zs .katex .sizing.reset-size3.size5,.css-ykr2zs .katex .fontsize-ensurer.reset-size3.size5{font-size:1.28571429em;}.css-ykr2zs .katex .sizing.reset-size3.size6,.css-ykr2zs .katex .fontsize-ensurer.reset-size3.size6{font-size:1.42857143em;}.css-ykr2zs .katex .sizing.reset-size3.size7,.css-ykr2zs .katex .fontsize-ensurer.reset-size3.size7{font-size:1.71428571em;}.css-ykr2zs .katex .sizing.reset-size3.size8,.css-ykr2zs .katex .fontsize-ensurer.reset-size3.size8{font-size:2.05714286em;}.css-ykr2zs .katex .sizing.reset-size3.size9,.css-ykr2zs .katex .fontsize-ensurer.reset-size3.size9{font-size:2.46857143em;}.css-ykr2zs .katex .sizing.reset-size3.size10,.css-ykr2zs .katex .fontsize-ensurer.reset-size3.size10{font-size:2.96285714em;}.css-ykr2zs .katex .sizing.reset-size3.size11,.css-ykr2zs .katex .fontsize-ensurer.reset-size3.size11{font-size:3.55428571em;}.css-ykr2zs .katex .sizing.reset-size4.size1,.css-ykr2zs .katex .fontsize-ensurer.reset-size4.size1{font-size:0.625em;}.css-ykr2zs .katex .sizing.reset-size4.size2,.css-ykr2zs .katex .fontsize-ensurer.reset-size4.size2{font-size:0.75em;}.css-ykr2zs .katex .sizing.reset-size4.size3,.css-ykr2zs .katex .fontsize-ensurer.reset-size4.size3{font-size:0.875em;}.css-ykr2zs .katex .sizing.reset-size4.size4,.css-ykr2zs .katex .fontsize-ensurer.reset-size4.size4{font-size:1em;}.css-ykr2zs .katex .sizing.reset-size4.size5,.css-ykr2zs .katex .fontsize-ensurer.reset-size4.size5{font-size:1.125em;}.css-ykr2zs .katex .sizing.reset-size4.size6,.css-ykr2zs .katex .fontsize-ensurer.reset-size4.size6{font-size:1.25em;}.css-ykr2zs .katex .sizing.reset-size4.size7,.css-ykr2zs .katex .fontsize-ensurer.reset-size4.size7{font-size:1.5em;}.css-ykr2zs .katex .sizing.reset-size4.size8,.css-ykr2zs .katex .fontsize-ensurer.reset-size4.size8{font-size:1.8em;}.css-ykr2zs .katex .sizing.reset-size4.size9,.css-ykr2zs .katex .fontsize-ensurer.reset-size4.size9{font-size:2.16em;}.css-ykr2zs .katex .sizing.reset-size4.size10,.css-ykr2zs .katex .fontsize-ensurer.reset-size4.size10{font-size:2.5925em;}.css-ykr2zs .katex .sizing.reset-size4.size11,.css-ykr2zs .katex .fontsize-ensurer.reset-size4.size11{font-size:3.11em;}.css-ykr2zs .katex .sizing.reset-size5.size1,.css-ykr2zs .katex .fontsize-ensurer.reset-size5.size1{font-size:0.55555556em;}.css-ykr2zs .katex .sizing.reset-size5.size2,.css-ykr2zs .katex .fontsize-ensurer.reset-size5.size2{font-size:0.66666667em;}.css-ykr2zs .katex .sizing.reset-size5.size3,.css-ykr2zs .katex .fontsize-ensurer.reset-size5.size3{font-size:0.77777778em;}.css-ykr2zs .katex .sizing.reset-size5.size4,.css-ykr2zs .katex .fontsize-ensurer.reset-size5.size4{font-size:0.88888889em;}.css-ykr2zs .katex .sizing.reset-size5.size5,.css-ykr2zs .katex .fontsize-ensurer.reset-size5.size5{font-size:1em;}.css-ykr2zs .katex .sizing.reset-size5.size6,.css-ykr2zs .katex .fontsize-ensurer.reset-size5.size6{font-size:1.11111111em;}.css-ykr2zs .katex .sizing.reset-size5.size7,.css-ykr2zs .katex .fontsize-ensurer.reset-size5.size7{font-size:1.33333333em;}.css-ykr2zs .katex .sizing.reset-size5.size8,.css-ykr2zs .katex .fontsize-ensurer.reset-size5.size8{font-size:1.6em;}.css-ykr2zs .katex .sizing.reset-size5.size9,.css-ykr2zs .katex .fontsize-ensurer.reset-size5.size9{font-size:1.92em;}.css-ykr2zs .katex .sizing.reset-size5.size10,.css-ykr2zs .katex .fontsize-ensurer.reset-size5.size10{font-size:2.30444444em;}.css-ykr2zs .katex .sizing.reset-size5.size11,.css-ykr2zs .katex .fontsize-ensurer.reset-size5.size11{font-size:2.76444444em;}.css-ykr2zs .katex .sizing.reset-size6.size1,.css-ykr2zs .katex .fontsize-ensurer.reset-size6.size1{font-size:0.5em;}.css-ykr2zs .katex .sizing.reset-size6.size2,.css-ykr2zs .katex .fontsize-ensurer.reset-size6.size2{font-size:0.6em;}.css-ykr2zs .katex .sizing.reset-size6.size3,.css-ykr2zs .katex .fontsize-ensurer.reset-size6.size3{font-size:0.7em;}.css-ykr2zs .katex .sizing.reset-size6.size4,.css-ykr2zs .katex .fontsize-ensurer.reset-size6.size4{font-size:0.8em;}.css-ykr2zs .katex .sizing.reset-size6.size5,.css-ykr2zs .katex .fontsize-ensurer.reset-size6.size5{font-size:0.9em;}.css-ykr2zs .katex .sizing.reset-size6.size6,.css-ykr2zs .katex .fontsize-ensurer.reset-size6.size6{font-size:1em;}.css-ykr2zs .katex .sizing.reset-size6.size7,.css-ykr2zs .katex .fontsize-ensurer.reset-size6.size7{font-size:1.2em;}.css-ykr2zs .katex .sizing.reset-size6.size8,.css-ykr2zs .katex .fontsize-ensurer.reset-size6.size8{font-size:1.44em;}.css-ykr2zs .katex .sizing.reset-size6.size9,.css-ykr2zs .katex .fontsize-ensurer.reset-size6.size9{font-size:1.728em;}.css-ykr2zs .katex .sizing.reset-size6.size10,.css-ykr2zs .katex .fontsize-ensurer.reset-size6.size10{font-size:2.074em;}.css-ykr2zs .katex .sizing.reset-size6.size11,.css-ykr2zs .katex .fontsize-ensurer.reset-size6.size11{font-size:2.488em;}.css-ykr2zs .katex .sizing.reset-size7.size1,.css-ykr2zs .katex .fontsize-ensurer.reset-size7.size1{font-size:0.41666667em;}.css-ykr2zs .katex .sizing.reset-size7.size2,.css-ykr2zs .katex .fontsize-ensurer.reset-size7.size2{font-size:0.5em;}.css-ykr2zs .katex .sizing.reset-size7.size3,.css-ykr2zs .katex .fontsize-ensurer.reset-size7.size3{font-size:0.58333333em;}.css-ykr2zs .katex .sizing.reset-size7.size4,.css-ykr2zs .katex .fontsize-ensurer.reset-size7.size4{font-size:0.66666667em;}.css-ykr2zs .katex .sizing.reset-size7.size5,.css-ykr2zs .katex .fontsize-ensurer.reset-size7.size5{font-size:0.75em;}.css-ykr2zs .katex .sizing.reset-size7.size6,.css-ykr2zs .katex .fontsize-ensurer.reset-size7.size6{font-size:0.83333333em;}.css-ykr2zs .katex .sizing.reset-size7.size7,.css-ykr2zs .katex .fontsize-ensurer.reset-size7.size7{font-size:1em;}.css-ykr2zs .katex .sizing.reset-size7.size8,.css-ykr2zs .katex .fontsize-ensurer.reset-size7.size8{font-size:1.2em;}.css-ykr2zs .katex .sizing.reset-size7.size9,.css-ykr2zs .katex .fontsize-ensurer.reset-size7.size9{font-size:1.44em;}.css-ykr2zs .katex .sizing.reset-size7.size10,.css-ykr2zs .katex .fontsize-ensurer.reset-size7.size10{font-size:1.72833333em;}.css-ykr2zs .katex .sizing.reset-size7.size11,.css-ykr2zs .katex .fontsize-ensurer.reset-size7.size11{font-size:2.07333333em;}.css-ykr2zs .katex .sizing.reset-size8.size1,.css-ykr2zs .katex .fontsize-ensurer.reset-size8.size1{font-size:0.34722222em;}.css-ykr2zs .katex .sizing.reset-size8.size2,.css-ykr2zs .katex .fontsize-ensurer.reset-size8.size2{font-size:0.41666667em;}.css-ykr2zs .katex .sizing.reset-size8.size3,.css-ykr2zs .katex .fontsize-ensurer.reset-size8.size3{font-size:0.48611111em;}.css-ykr2zs .katex .sizing.reset-size8.size4,.css-ykr2zs .katex .fontsize-ensurer.reset-size8.size4{font-size:0.55555556em;}.css-ykr2zs .katex .sizing.reset-size8.size5,.css-ykr2zs .katex .fontsize-ensurer.reset-size8.size5{font-size:0.625em;}.css-ykr2zs .katex .sizing.reset-size8.size6,.css-ykr2zs .katex .fontsize-ensurer.reset-size8.size6{font-size:0.69444444em;}.css-ykr2zs .katex .sizing.reset-size8.size7,.css-ykr2zs .katex .fontsize-ensurer.reset-size8.size7{font-size:0.83333333em;}.css-ykr2zs .katex .sizing.reset-size8.size8,.css-ykr2zs .katex .fontsize-ensurer.reset-size8.size8{font-size:1em;}.css-ykr2zs .katex .sizing.reset-size8.size9,.css-ykr2zs .katex .fontsize-ensurer.reset-size8.size9{font-size:1.2em;}.css-ykr2zs .katex .sizing.reset-size8.size10,.css-ykr2zs .katex .fontsize-ensurer.reset-size8.size10{font-size:1.44027778em;}.css-ykr2zs .katex .sizing.reset-size8.size11,.css-ykr2zs .katex .fontsize-ensurer.reset-size8.size11{font-size:1.72777778em;}.css-ykr2zs .katex .sizing.reset-size9.size1,.css-ykr2zs .katex .fontsize-ensurer.reset-size9.size1{font-size:0.28935185em;}.css-ykr2zs .katex .sizing.reset-size9.size2,.css-ykr2zs .katex .fontsize-ensurer.reset-size9.size2{font-size:0.34722222em;}.css-ykr2zs .katex .sizing.reset-size9.size3,.css-ykr2zs .katex .fontsize-ensurer.reset-size9.size3{font-size:0.40509259em;}.css-ykr2zs .katex .sizing.reset-size9.size4,.css-ykr2zs .katex .fontsize-ensurer.reset-size9.size4{font-size:0.46296296em;}.css-ykr2zs .katex .sizing.reset-size9.size5,.css-ykr2zs .katex .fontsize-ensurer.reset-size9.size5{font-size:0.52083333em;}.css-ykr2zs .katex .sizing.reset-size9.size6,.css-ykr2zs .katex .fontsize-ensurer.reset-size9.size6{font-size:0.5787037em;}.css-ykr2zs .katex .sizing.reset-size9.size7,.css-ykr2zs .katex .fontsize-ensurer.reset-size9.size7{font-size:0.69444444em;}.css-ykr2zs .katex .sizing.reset-size9.size8,.css-ykr2zs .katex .fontsize-ensurer.reset-size9.size8{font-size:0.83333333em;}.css-ykr2zs .katex .sizing.reset-size9.size9,.css-ykr2zs .katex .fontsize-ensurer.reset-size9.size9{font-size:1em;}.css-ykr2zs .katex .sizing.reset-size9.size10,.css-ykr2zs .katex .fontsize-ensurer.reset-size9.size10{font-size:1.20023148em;}.css-ykr2zs .katex .sizing.reset-size9.size11,.css-ykr2zs .katex .fontsize-ensurer.reset-size9.size11{font-size:1.43981481em;}.css-ykr2zs .katex .sizing.reset-size10.size1,.css-ykr2zs .katex .fontsize-ensurer.reset-size10.size1{font-size:0.24108004em;}.css-ykr2zs .katex .sizing.reset-size10.size2,.css-ykr2zs .katex .fontsize-ensurer.reset-size10.size2{font-size:0.28929605em;}.css-ykr2zs .katex .sizing.reset-size10.size3,.css-ykr2zs .katex .fontsize-ensurer.reset-size10.size3{font-size:0.33751205em;}.css-ykr2zs .katex .sizing.reset-size10.size4,.css-ykr2zs .katex .fontsize-ensurer.reset-size10.size4{font-size:0.38572806em;}.css-ykr2zs .katex .sizing.reset-size10.size5,.css-ykr2zs .katex .fontsize-ensurer.reset-size10.size5{font-size:0.43394407em;}.css-ykr2zs .katex .sizing.reset-size10.size6,.css-ykr2zs .katex .fontsize-ensurer.reset-size10.size6{font-size:0.48216008em;}.css-ykr2zs .katex .sizing.reset-size10.size7,.css-ykr2zs .katex .fontsize-ensurer.reset-size10.size7{font-size:0.57859209em;}.css-ykr2zs .katex .sizing.reset-size10.size8,.css-ykr2zs .katex .fontsize-ensurer.reset-size10.size8{font-size:0.69431051em;}.css-ykr2zs .katex .sizing.reset-size10.size9,.css-ykr2zs .katex .fontsize-ensurer.reset-size10.size9{font-size:0.83317261em;}.css-ykr2zs .katex .sizing.reset-size10.size10,.css-ykr2zs .katex .fontsize-ensurer.reset-size10.size10{font-size:1em;}.css-ykr2zs .katex .sizing.reset-size10.size11,.css-ykr2zs .katex .fontsize-ensurer.reset-size10.size11{font-size:1.19961427em;}.css-ykr2zs .katex .sizing.reset-size11.size1,.css-ykr2zs .katex .fontsize-ensurer.reset-size11.size1{font-size:0.20096463em;}.css-ykr2zs .katex .sizing.reset-size11.size2,.css-ykr2zs .katex .fontsize-ensurer.reset-size11.size2{font-size:0.24115756em;}.css-ykr2zs .katex .sizing.reset-size11.size3,.css-ykr2zs .katex .fontsize-ensurer.reset-size11.size3{font-size:0.28135048em;}.css-ykr2zs .katex .sizing.reset-size11.size4,.css-ykr2zs .katex .fontsize-ensurer.reset-size11.size4{font-size:0.32154341em;}.css-ykr2zs .katex .sizing.reset-size11.size5,.css-ykr2zs .katex .fontsize-ensurer.reset-size11.size5{font-size:0.36173633em;}.css-ykr2zs .katex .sizing.reset-size11.size6,.css-ykr2zs .katex .fontsize-ensurer.reset-size11.size6{font-size:0.40192926em;}.css-ykr2zs .katex .sizing.reset-size11.size7,.css-ykr2zs .katex .fontsize-ensurer.reset-size11.size7{font-size:0.48231511em;}.css-ykr2zs .katex .sizing.reset-size11.size8,.css-ykr2zs .katex .fontsize-ensurer.reset-size11.size8{font-size:0.57877814em;}.css-ykr2zs .katex .sizing.reset-size11.size9,.css-ykr2zs .katex .fontsize-ensurer.reset-size11.size9{font-size:0.69453376em;}.css-ykr2zs .katex .sizing.reset-size11.size10,.css-ykr2zs .katex .fontsize-ensurer.reset-size11.size10{font-size:0.83360129em;}.css-ykr2zs .katex .sizing.reset-size11.size11,.css-ykr2zs .katex .fontsize-ensurer.reset-size11.size11{font-size:1em;}.css-ykr2zs .katex .delimsizing.size1{font-family:KaTeX_Size1;}.css-ykr2zs .katex .delimsizing.size2{font-family:KaTeX_Size2;}.css-ykr2zs .katex .delimsizing.size3{font-family:KaTeX_Size3;}.css-ykr2zs .katex .delimsizing.size4{font-family:KaTeX_Size4;}.css-ykr2zs .katex .delimsizing.mult .delim-size1>span{font-family:KaTeX_Size1;}.css-ykr2zs .katex .delimsizing.mult .delim-size4>span{font-family:KaTeX_Size4;}.css-ykr2zs .katex .nulldelimiter{display:inline-block;width:0.12em;}.css-ykr2zs .katex .delimcenter{position:relative;}.css-ykr2zs .katex .op-symbol{position:relative;}.css-ykr2zs .katex .op-symbol.small-op{font-family:KaTeX_Size1;}.css-ykr2zs .katex .op-symbol.large-op{font-family:KaTeX_Size2;}.css-ykr2zs .katex .op-limits>.vlist-t{text-align:center;}.css-ykr2zs .katex .accent>.vlist-t{text-align:center;}.css-ykr2zs .katex .accent .accent-body{position:relative;}.css-ykr2zs .katex .accent .accent-body:not(.accent-full){width:0;}.css-ykr2zs .katex .overlay{display:block;}.css-ykr2zs .katex .mtable .vertical-separator{display:inline-block;min-width:1px;}.css-ykr2zs .katex .mtable .arraycolsep{display:inline-block;}.css-ykr2zs .katex .mtable .col-align-c>.vlist-t{text-align:center;}.css-ykr2zs .katex .mtable .col-align-l>.vlist-t{text-align:left;}.css-ykr2zs .katex .mtable .col-align-r>.vlist-t{text-align:right;}.css-ykr2zs .katex .svg-align{text-align:left;}.css-ykr2zs .katex svg{display:block;position:absolute;width:100%;height:inherit;fill:currentColor;stroke:currentColor;fill-rule:nonzero;fill-opacity:1;stroke-width:1;stroke-linecap:butt;stroke-linejoin:miter;stroke-miterlimit:4;stroke-dasharray:none;stroke-dashoffset:0;stroke-opacity:1;}.css-ykr2zs .katex svg path{stroke:none;}.css-ykr2zs .katex img{border-style:none;min-width:0;min-height:0;max-width:none;max-height:none;}.css-ykr2zs .katex .stretchy{width:100%;display:block;position:relative;overflow:hidden;}.css-ykr2zs .katex .stretchy::before,.css-ykr2zs .katex .stretchy::after{content:'';}.css-ykr2zs .katex .hide-tail{width:100%;position:relative;overflow:hidden;}.css-ykr2zs .katex .halfarrow-left{position:absolute;left:0;width:50.2%;overflow:hidden;}.css-ykr2zs .katex .halfarrow-right{position:absolute;right:0;width:50.2%;overflow:hidden;}.css-ykr2zs .katex .brace-left{position:absolute;left:0;width:25.1%;overflow:hidden;}.css-ykr2zs .katex .brace-center{position:absolute;left:25%;width:50%;overflow:hidden;}.css-ykr2zs .katex .brace-right{position:absolute;right:0;width:25.1%;overflow:hidden;}.css-ykr2zs .katex .x-arrow-pad{padding:0 0.5em;}.css-ykr2zs .katex .cd-arrow-pad{padding:0 0.55556em 0 0.27778em;}.css-ykr2zs .katex .x-arrow,.css-ykr2zs .katex .mover,.css-ykr2zs .katex .munder{text-align:center;}.css-ykr2zs .katex .boxpad{padding:0 0.3em 0 0.3em;}.css-ykr2zs .katex .fbox,.css-ykr2zs .katex .fcolorbox{box-sizing:border-box;border:0.04em solid;}.css-ykr2zs .katex .cancel-pad{padding:0 0.2em 0 0.2em;}.css-ykr2zs .katex .cancel-lap{margin-left:-0.2em;margin-right:-0.2em;}.css-ykr2zs .katex .sout{border-bottom-style:solid;border-bottom-width:0.08em;}.css-ykr2zs .katex .angl{box-sizing:border-box;border-top:0.049em solid;border-right:0.049em solid;margin-right:0.03889em;}.css-ykr2zs .katex .anglpad{padding:0 0.03889em 0 0.03889em;}.css-ykr2zs .katex .eqn-num::before{counter-increment:katexEqnNo;content:'(' counter(katexEqnNo) ')';}.css-ykr2zs .katex .mml-eqn-num::before{counter-increment:mmlEqnNo;content:'(' counter(mmlEqnNo) ')';}.css-ykr2zs .katex .mtr-glue{width:50%;}.css-ykr2zs .katex .cd-vert-arrow{display:inline-block;position:relative;}.css-ykr2zs .katex .cd-label-left{display:inline-block;position:absolute;right:calc(50% + 0.3em);text-align:left;}.css-ykr2zs .katex .cd-label-right{display:inline-block;position:absolute;left:calc(50% + 0.3em);text-align:right;}.css-ykr2zs .katex-display{display:block;margin:1em 0;text-align:center;}.css-ykr2zs .katex-display>.katex{display:block;white-space:nowrap;}.css-ykr2zs .katex-display>.katex>.katex-html{display:block;position:relative;}.css-ykr2zs .katex-display>.katex>.katex-html>.tag{position:absolute;right:0;}.css-ykr2zs .katex-display.leqno>.katex>.katex-html>.tag{left:0;right:auto;}.css-ykr2zs .katex-display.fleqn>.katex{text-align:left;padding-left:2em;}.css-ykr2zs body{counter-reset:katexEqnNo mmlEqnNo;}.css-ykr2zs table{width:-webkit-max-content;width:-moz-max-content;width:max-content;}.css-ykr2zs .tableBlock{max-width:100%;margin-bottom:1rem;overflow-y:scroll;}.css-ykr2zs .tableBlock thead,.css-ykr2zs .tableBlock thead th{border-bottom:1px solid #333!important;}.css-ykr2zs .tableBlock th,.css-ykr2zs .tableBlock td{padding:10px;text-align:left;}.css-ykr2zs .tableBlock th{font-weight:bold!important;}.css-ykr2zs .tableBlock caption{caption-side:bottom;color:#555;font-size:12px;font-style:italic;text-align:center;}.css-ykr2zs .tableBlock caption>p{margin:0;}.css-ykr2zs .tableBlock th>p,.css-ykr2zs .tableBlock td>p{margin:0;}.css-ykr2zs .tableBlock [data-background-color='aliceblue']{background-color:#f0f8ff;color:#000;}.css-ykr2zs .tableBlock [data-background-color='black']{background-color:#000;color:#fff;}.css-ykr2zs .tableBlock [data-background-color='chocolate']{background-color:#d2691e;color:#fff;}.css-ykr2zs .tableBlock [data-background-color='cornflowerblue']{background-color:#6495ed;color:#fff;}.css-ykr2zs .tableBlock [data-background-color='crimson']{background-color:#dc143c;color:#fff;}.css-ykr2zs .tableBlock [data-background-color='darkblue']{background-color:#00008b;color:#fff;}.css-ykr2zs .tableBlock [data-background-color='darkseagreen']{background-color:#8fbc8f;color:#000;}.css-ykr2zs .tableBlock [data-background-color='deepskyblue']{background-color:#00bfff;color:#000;}.css-ykr2zs .tableBlock [data-background-color='gainsboro']{background-color:#dcdcdc;color:#000;}.css-ykr2zs .tableBlock [data-background-color='grey']{background-color:#808080;color:#fff;}.css-ykr2zs .tableBlock [data-background-color='lemonchiffon']{background-color:#fffacd;color:#000;}.css-ykr2zs .tableBlock [data-background-color='lightpink']{background-color:#ffb6c1;color:#000;}.css-ykr2zs .tableBlock [data-background-color='lightsalmon']{background-color:#ffa07a;color:#000;}.css-ykr2zs .tableBlock [data-background-color='lightskyblue']{background-color:#87cefa;color:#000;}.css-ykr2zs .tableBlock [data-background-color='mediumblue']{background-color:#0000cd;color:#fff;}.css-ykr2zs .tableBlock [data-background-color='omnigrey']{background-color:#f0f0f0;color:#000;}.css-ykr2zs .tableBlock [data-background-color='white']{background-color:#fff;color:#000;}.css-ykr2zs .tableBlock [data-text-align='center']{text-align:center;}.css-ykr2zs .tableBlock [data-text-align='left']{text-align:left;}.css-ykr2zs .tableBlock [data-text-align='right']{text-align:right;}.css-ykr2zs .tableBlock [data-vertical-align='bottom']{vertical-align:bottom;}.css-ykr2zs .tableBlock [data-vertical-align='middle']{vertical-align:middle;}.css-ykr2zs .tableBlock [data-vertical-align='top']{vertical-align:top;}.css-ykr2zs .tableBlock__font-size--xxsmall{font-size:10px;}.css-ykr2zs .tableBlock__font-size--xsmall{font-size:12px;}.css-ykr2zs .tableBlock__font-size--small{font-size:14px;}.css-ykr2zs .tableBlock__font-size--large{font-size:18px;}.css-ykr2zs .tableBlock__border--some tbody tr:not(:last-child){border-bottom:1px solid #e2e5e7;}.css-ykr2zs .tableBlock__border--bordered td,.css-ykr2zs .tableBlock__border--bordered th{border:1px solid #e2e5e7;}.css-ykr2zs .tableBlock__border--borderless tbody+tbody,.css-ykr2zs .tableBlock__border--borderless td,.css-ykr2zs .tableBlock__border--borderless th,.css-ykr2zs .tableBlock__border--borderless tr,.css-ykr2zs .tableBlock__border--borderless thead,.css-ykr2zs .tableBlock__border--borderless thead th{border:0!important;}.css-ykr2zs .tableBlock:not(.tableBlock__table-striped) tbody tr{background-color:unset!important;}.css-ykr2zs .tableBlock__table-striped tbody tr:nth-of-type(odd){background-color:#f9fafc!important;}.css-ykr2zs .tableBlock__table-compactl th,.css-ykr2zs .tableBlock__table-compact td{padding:3px!important;}.css-ykr2zs .tableBlock__full-size{width:100%;}.css-ykr2zs .textBlock{margin-bottom:16px;}.css-ykr2zs .textBlock__text-formatting--finePrint{font-size:12px;}.css-ykr2zs .textBlock__text-infoBox{padding:0.75rem 1.25rem;margin-bottom:1rem;border:1px solid transparent;border-radius:0.25rem;}.css-ykr2zs .textBlock__text-infoBox p{margin:0;}.css-ykr2zs .textBlock__text-infoBox--primary{background-color:#cce5ff;border-color:#b8daff;color:#004085;}.css-ykr2zs .textBlock__text-infoBox--secondary{background-color:#e2e3e5;border-color:#d6d8db;color:#383d41;}.css-ykr2zs .textBlock__text-infoBox--success{background-color:#d4edda;border-color:#c3e6cb;color:#155724;}.css-ykr2zs .textBlock__text-infoBox--danger{background-color:#f8d7da;border-color:#f5c6cb;color:#721c24;}.css-ykr2zs .textBlock__text-infoBox--warning{background-color:#fff3cd;border-color:#ffeeba;color:#856404;}.css-ykr2zs .textBlock__text-infoBox--info{background-color:#d1ecf1;border-color:#bee5eb;color:#0c5460;}.css-ykr2zs .textBlock__text-infoBox--dark{background-color:#d6d8d9;border-color:#c6c8ca;color:#1b1e21;}.css-ykr2zs .text-overline{-webkit-text-decoration:overline;text-decoration:overline;}.css-ykr2zs.css-ykr2zs{color:#2B3148;background-color:transparent;font-family:"Roboto","Helvetica","Arial",sans-serif;font-size:24px;line-height:24px;overflow:visible;padding-top:0px;position:relative;}.css-ykr2zs.css-ykr2zs:after{content:'';-webkit-transform:scale(0);-moz-transform:scale(0);-ms-transform:scale(0);transform:scale(0);position:absolute;border:2px solid #EA9430;border-radius:2px;inset:-8px;z-index:1;}.css-ykr2zs .js-external-link-button.link-like,.css-ykr2zs .js-external-link-anchor{color:inherit;border-radius:1px;-webkit-text-decoration:underline;text-decoration:underline;}.css-ykr2zs .js-external-link-button.link-like:hover,.css-ykr2zs .js-external-link-anchor:hover,.css-ykr2zs .js-external-link-button.link-like:active,.css-ykr2zs .js-external-link-anchor:active{text-decoration-thickness:2px;text-shadow:1px 0 0;}.css-ykr2zs .js-external-link-button.link-like:focus-visible,.css-ykr2zs .js-external-link-anchor:focus-visible{outline:transparent 2px dotted;box-shadow:0 0 0 2px #6314E6;}.css-ykr2zs p,.css-ykr2zs div{margin:0px;display:block;}.css-ykr2zs pre{margin:0px;display:block;}.css-ykr2zs pre code{display:block;width:-webkit-fit-content;width:-moz-fit-content;width:fit-content;}.css-ykr2zs pre:not(:first-child){padding-top:8px;}.css-ykr2zs ul,.css-ykr2zs ol{display:block margin:0px;padding-left:20px;}.css-ykr2zs ul li,.css-ykr2zs ol li{padding-top:8px;}.css-ykr2zs ul ul,.css-ykr2zs ol ul,.css-ykr2zs ul ol,.css-ykr2zs ol ol{padding-top:0px;}.css-ykr2zs ul:not(:first-child),.css-ykr2zs ol:not(:first-child){padding-top:4px;} Gross income

Salary, wages and tips

Business / self-employment

All forms of income from active work, including Farm income and loss.

Interest, dividends, royalties, etc.

Capital gains and losses

Pension / Annuity / IRA distributions

Other income

More income sources

Including social security benefits, alimony, prize money, etc.

Insert positive values; we'll subtract them from your income.

Educator expenses

Expenses for classroom supplies.

Student loan interest

School tuition

Contributions to retirement / IRAs

Except contributions to Roth accounts made with after-tax dollars.

Alimony paid

Other deductions

Business expenses, attorney fees, etc.

More deductions

Including self-employment tax, health insurance, retirement, etc. Insert positive values.

Gross income

Total adjustments to income

Adjusted gross income

spacer

Get Your Income Boost

Who doesn't want more income in retirement - to meet essentials, to pay for travel, to give to kids, and more. We'd all like an Income Boost. However, most retirement plans ask you to take more risk with your investments - and so your boost may become a bust. Now, the new Income Allocation method can deliver more income while reducing investment risk.

What is the Income Allocation planning method?

The twin goals of the Income Allocation Planning (IAP) method are to increase the amount of after-tax (spendable) income and to reduce income volatility (for more dependability).IAP does this by creating more safe income not dependent on market returns. Read more

How much of an Income Boost can I get from Income Allocation?

Why does asset allocation planning fail to produce enough retirement income.

The asset allocation method involves drawing down savings over time from a portfolio of stocks, bonds and cash. Unfortunately, this planning method leaves retirees with all of the risks: investment, longevity, dependency, and persistency (see below). Further, investors like retirees may underestimate their longevity and overestimate their money management skills. Read more

What is the least understood and potentially most dangerous retirement risk of all?

Persistency is about carrying out the retirement plan selected. That discipline is virtually impossible when the retirees faces a stark choice: withdrawal savings after a major market correction or make painful/unrealistic cuts in personal spending. And failure to stay the course, based on various studies, results in a reduction of 1% to 4% in returns the individual investor earned vs. what the overall market did. Read more

How can certain retirement vehicles increase income and eliminate investment risks?

What if you were able to eliminate all risks in investing by assuming one new risk? What if your income from this financial vehicle would not be subject to duration, market, reinvestment or timing risks. And what if this financial vehicle would pay up to 3% or more income. What is the vehicle, and what is the remaining risk? Read more

What is the least understood and potentially most dangerous risk of all?

What is a deferred income annuity (dia).

During the deferral period, you have limited access to the DIA's value. Only you can determine whether a Deferred Income Annuity is right for you and your situation, particularly since you have to consider the return on savings you may be giving up during the deferral period.

There are special tax benefits for QLAC contracts - a special type of DIA - obtained by transferring funds from an IRA, 401(k) and/or other qualified plan savings. There are also limits under such contracts. If you'd like to learn more about QLAC go to QLAC Shortcut.

What are the specific benefits of a DIA?

Safety and Stability: The income amounts are guaranteed by the life insurance company, and results are not subject to any fluctuations in the financial markets. The Guaranteed Income provides stability in relation to other sources of income. Wealth Preservation: By deferring income until your life expectancy and beyond, you can help cover late-in-retirement expenses, such as: 1. Basic needs if you run through your savings due to overspending, bad markets, bad luck, and/or unanticipated medical and long term care expenses 2. Long-term care insurance and/or life insurance premiums, keeping these policies in force when they may be needed most 3. Real estate taxes or mortgage payments to help you stay in your home 4. Any annual gifting program that is helping reduce your estate taxes 5. Just-for-fun expenses such as a cruise, upgrade to business class, or any other way that helps bring you joy.

IRA/Qualified

These retirement accounts represent the clearest form of retirement savings. As a replacement for the corporate pension they are the most logical source for retirement income. Further their tax treatment is geared to delivering the highest level of income during your lifetime rather than a legacy to your family. In measuring your Income Power, we suggest including at 100%. Purchase of QLAC and Current Income Annuity may be made through tax-free rollover.

Personal Savings

These savings and investment accounts represent the accumulation of after - tax savings. Investment returns on these amounts are taxed currently, some at favorable rates; amounts left as a legacy may receive favorable tax treatment at your passing. In measuring your Income Power, we suggest excluding those amounts generating yields and considered part of your legacy. Purchase of DIA and Current Income Annuity may be made only on an after tax basis. Portion of these annuity payments will be considered as tax-free return of principal.

Deferred Annuities

These annuities, unlike those described in the Go2Income site, are designed to accumulate savings on a tax-deferred basis. They may offer variable, indexed or fixed returns. Unlike the IRA/401(k) they offer tax deferral beyond age 70 ½. If amounts are withdrawn they will be taxed on a least favorable last-in,last-out basis. In measuring your Income Power, we suggest including at 100%. Purchase of DIA and Current Income Annuity may be made through tax-free exchange.

Primary Residence

Investors may tap the equity in your house through a Home Equity Conversion Mortgage (HECM). This mortgage is subject to a rigorous financial assessment but it can be a source of tax-free cash during the early stage of retirement. To maintain liquidity and legacy we suggest using in moderation. In measuring your Income Power, we suggest including at 40%, but not more than $250,000. Purchase of any form of annuity from these proceeds and is strictly prohibited.

  • Credit cards
  • View all credit cards
  • Banking guide
  • Loans guide
  • Insurance guide
  • Personal finance
  • View all personal finance
  • Small business
  • View all small business
  • View all taxes

You’re our first priority. Every time.

NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. They are not intended to provide investment advice. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance.

We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.

So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners .

Retirement Calculator: Free Estimate of How Much You Need

How much money do you need for retirement? Use our free retirement calculator to calculate how much income you'll have in retirement and whether you’re saving enough.

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

10% of monthly income

70% of pre-retirement income

Advanced details

Current retirement plan

Target retirement plan

income allocation calculator

About NerdWallet's retirement calculator

Alana Benson

Our free calculator estimates your retirement nest egg based on your current retirement savings contributions and then calculates how it will stretch over your retirement in today’s dollars, taking inflation into account.

Filling out the visible fields with your best estimate is enough to get a rough idea of where you stand. For a more accurate number, you can expand the "advanced details" to enter more information about your plans for retirement. Read more about these fields and the information you'll want to provide below.

How to fill out your retirement details

Annual pretax income: This is the total income you earn before taxes are deducted. Include your salary, business earnings and any other regular sources of income.

Current retirement savings: Enter the total current balances of all your retirement savings accounts, including 401(k) plans, individual retirement accounts (IRAs) and any other accounts earmarked for retirement.

Monthly contribution: This is the amount you save for retirement each month. Include contributions to your 401(k) (including your employer match), IRA and any other retirement accounts. Experts recommend saving 10% to 15% of your pretax income for retirement. When you enter a number in the monthly contribution field, the calculator will automatically translate that to a percentage of your income and display that figure below this field.

Monthly budget in retirement: Your monthly budget in retirement is how much you think you’ll need each month to live comfortably throughout your retirement, before taxes. One way to estimate this is to look at your current spending and project how it might change in retirement .

A common rule is to budget for at least 70% of your pre-retirement income during retirement. This assumes some of your expenses will disappear in retirement and 70% will be enough to cover essentials. Remember, that’s a general guideline, and your needs may vary.

Other retirement income: This is an optional field where you can enter any additional retirement income you expect to receive. This might include Social Security, pension benefits or other passive income you plan to earn in retirement. Use our Social Security calculator to estimate your future Social Security benefits.

How to fill out the advanced details

Retirement age: Enter the age you plan to retire. Age 67 is considered full retirement age (when you get your full Social Security benefits) for people born in 1960 or later.

Life expectancy: This is how long you expect to live. You’ll want your retirement savings and income to last throughout your life, so it's a good idea to aim high here. We are using 95 as our default life expectancy, which is a conservative estimate that assumes a longer life span.

Pre-retirement rate of return: This is the rate of return you expect your investments to earn between now and retirement. Our default of a 6% average annual return is a conservative estimate based on historic stock market returns, which average 10% .

There's no way to predict future rates of return with certainty, and different types of investments carry different risk. In addition, we don't include sales charges and other fees associated with your investments in our estimated rates of return.

Post-retirement rate of return: Your rate of return during retirement is typically lower than pre-retirement because most people shift at least some of their portfolio to lower-risk investments.

Inflation rate: We have assumed an inflation rate of 3%. You can adjust this to see how inflation could affect your retirement savings.

Annual income increase: We assume a 2% annual salary increase when averaged out over the rest of your working years. You can change this if you expect your income to increase more or less than that.

How the retirement calculator works

To come up with our estimate of the total amount of savings you’ll have for retirement (“What you’ll have”), we start with your current age and how much you’ve saved so far. Using your income and savings contributions, we calculate how much more you’ll save between now and your projected retirement date. We take salary increases, compound interest and rates of return into account when arriving at the total number.

To calculate your target retirement savings total (“What you’ll need”), we use your life expectancy to determine how much you’ll need (taking inflation into account) to match your projected monthly budget in retirement and have it last from retirement through the remainder of your life.

Our default assumptions include:

Retirement age of 67 (when most people will receive full Social Security benefits).

Life expectancy of 95.

A 6% rate of return before retirement and a 5% rate of return during retirement (assuming a more conservative portfolio).

A 3% average annual inflation rate.

Salary increases of 2% per year.

You may change any of these default numbers by selecting "advanced details" to reveal them.

Strategies to boost your retirement readiness

Here are some ways to increase your retirement savings — whether you’re behind on your goals or are on track but maybe want to retire a little earlier.

Open an IRA

An IRA is one of the most popular ways to save for retirement given its large tax advantages. You can put in up to $6,500 a year in 2023. And if you're 50 or older, you can contribute an additional $1,000 a year.

» Learn more about IRAs

Max out a 401(k)

The annual limit for 401(k) contributions is $22,500 in 2023 (or $30,000 for those 50 or older). It’s wise to at least contribute up to the point where you’re getting all of the matching dollars your employer might offer.

» See about increasing your 401(k) contributions

Work with a financial advisor

A good advisor can help you understand complex issues, diagnose potential problems and take steps to plan for the future. And they’re not as expensive as you might think.

» Learn how to choose a financial advisor

Retirement basics

How much money do you need to retire.

A common guideline is that you should aim to replace 70% of your annual pre-retirement income. This is what the calculator uses as a default. You can replace your pre-retirement income using a combination of savings, investments, Social Security and any other income sources (part-time work, a pension, rental or passive income , etc.).

It's important to consider how your expenses will change in retirement. Some, such as health care and travel, are likely to increase. But many recurring expenditures could go down: You no longer need to dedicate a portion of your income to saving for retirement. You may have paid off your mortgage and other loans. And your taxes are likely to be lower — payroll taxes, which are taken out of each paycheck, will be eliminated.

Be sure to adjust based on your retirement plans. If you know you won’t have a mortgage, for instance, maybe you plan to replace only 60%. If you want to travel every year, you might aim to replace 100% or even 110% of pre-retirement income.

Inflation and retirement

When trying to calculate how much you need to retire, it's also essential to factor in inflation . Prices increase over time, and that decreases the purchasing power (value) of your money. This means the amount you have saved today probably won't go as far 20 to 30 years from now.

We created this retirement calculator with inflation in mind. It includes an assumed 3% average annual inflation rate, so you have a clearer picture of how much you need to save, but you can change this in the “advanced details” if you want to refine your results even further.

Key investing and retirement definitions

401(k): This is a plan for retirement savings that companies offer employees. A 401(k) plan gives employees a tax break on money they contribute. Contributions are automatically withdrawn from employee paychecks and invested.

Compound interest: The interest you earn on your original deposit and on the interest that original deposit earns. For example, a $1,000 investment earning 6% compounded annually could become roughly $4,300 in 25 years.

Contribution limits: The IRS puts limits on the amount of money that can be contributed to 401(k)s and IRAs each year. These limits sometimes change from year to year. Read about the Roth IRA limits and the traditional IRA limits .

Financial advisor: A financial advisor offers consumers help with managing money. Financial advisors can advise clients on making investments, saving for retirement and monitoring spending, among other things. A financial advisor can be a professional or a digital investment management service, called a robo-advisor.

IRA: An individual retirement account is a tax-advantaged investment account individuals use for retirement savings. IRAs are available in two main types: a traditional IRA and a Roth IRA .

» Learn about the differences between a traditional and a Roth IRA .

Income: The money you get from working, investing or providing goods or services.

Inflation: This happens when the price of goods and services increases as time passes. The result is a decrease in purchasing power, or the value, of money.

Nest egg: A sum of money you have set aside for the future — in this case, retirement.

Retirement age: The age you retire depends on you. Full Social Security benefits begin at age 67 for people born in 1960 and later. Early retirement benefits are available at 62 but at a lower monthly amount.

Returns: The money you earn or lose on an investment.

Risk: The possibility that an investment will perform poorly or even cause you to lose money. In general, a low-risk investment will deliver lower potential returns. The more risk you’re willing to take on, the more potential upside there is — and the higher the likelihood that you could lose your investment.

Short-term investment: This is an investment that can be easily converted to cash — think a money market account or a high-interest savings account versus stocks or bonds.

Tax-advantaged: When you get tax benefits from an investment account. For example, you can make 401(k) contributions from your paycheck before taxes are taken out. You don’t pay taxes on those contributions, or the earnings, until you withdraw the money. In other accounts, such as Roth IRAs, you pay taxes on your contributions upfront, then you can withdraw those contributions tax-free.

Next steps: More answers about retirement planning

Saving for retirement is definitely a long game, but learning about the process doesn’t have to be.

Want to learn more about retirement planning? Our retirement planning guide can show you how to get started, how to maximize the returns on your savings and how to prioritize shorter-term goals alongside your retirement targets.

What are the best retirement plans? NerdWallet’s financial experts break down all your retirement options .

Wondering how to retire early? Learn how some of these steps to increase your retirement savings could help you toward early retirement .

Ready to open an IRA? We’ve rounded up the best IRA accounts to simplify your search.

An official website of the United States Government

  • Kreyòl ayisyen
  • Search Toggle search Search Include Historical Content - Any - No Include Historical Content - Any - No Search
  • Menu Toggle menu
  • INFORMATION FOR…
  • Individuals
  • Business & Self Employed
  • Charities and Nonprofits
  • International Taxpayers
  • Federal State and Local Governments
  • Indian Tribal Governments
  • Tax Exempt Bonds
  • FILING FOR INDIVIDUALS
  • How to File
  • When to File
  • Where to File
  • Update Your Information
  • Get Your Tax Record
  • Apply for an Employer ID Number (EIN)
  • Check Your Amended Return Status
  • Get an Identity Protection PIN (IP PIN)
  • File Your Taxes for Free
  • Bank Account (Direct Pay)
  • Debit or Credit Card
  • Payment Plan (Installment Agreement)
  • Electronic Federal Tax Payment System (EFTPS)
  • Your Online Account

Tax Withholding Estimator

  • Estimated Taxes
  • Where's My Refund
  • What to Expect
  • Direct Deposit
  • Reduced Refunds
  • Amend Return

Credits & Deductions

  • INFORMATION FOR...
  • Businesses & Self-Employed
  • Earned Income Credit (EITC)
  • Child Tax Credit
  • Clean Energy and Vehicle Credits
  • Standard Deduction
  • Retirement Plans

Forms & Instructions

  • POPULAR FORMS & INSTRUCTIONS
  • Form 1040 Instructions
  • Form 4506-T
  • POPULAR FOR TAX PROS
  • Form 1040-X
  • Circular 230

Use this tool to estimate the federal income tax you want your employer to withhold from your paycheck. This is tax withholding .

See how your withholding affects your refund, take-home pay or tax due.  

How it works

Use this tool to:

  • Estimate your federal income tax withholding
  • See how your refund, take-home pay or tax due are affected by withholding amount
  • Choose an estimated withholding amount that works for you

Results are as accurate as the information you enter.

What you need

Have this ready:

  • Paystubs for all jobs (spouse too)
  • Other income info (side jobs, self-employment, investments, etc.)
  • Most recent tax return

Your information isn't saved. Learn more  about Security .

Use the Tax Withholding Estimator

Don't use this tool if:

  • You have nonresident alien status. Use Notice 1392, Supplemental Form W-4 Instructions for Nonresident Aliens.
  • Your tax situation is complex. This includes alternative minimum tax. See Publication 505, Tax Withholding and Estimated Tax . 

Estimator Frequently Asked Questions

More on tax withholding

  • When to Check Your Tax Withholding
  • Why Check Your Tax Withholding
  • About Tax Withholding
  • Publication 505, Tax Withholding and Estimated Tax
  • Form W-4 Employee Withholding Certificate
  • Form W-4P, Withholding Certificate for Pension or Annuity Payments
  • Notice 1392, Supplement Form W-4 Instructions for Nonresident Aliens PDF

After you use the estimator

Use your estimate to change your tax withholding amount on Form W-4. Or keep the same amount.

To change your tax withholding amount:

  • Enter your new tax withholding amount on Form W-4, Employee's Withholding Certificate
  • Ask your employer if they use an automated system to submit Form W-4
  • Submit or give Form W-4 to your employer

To keep your same tax withholding amount:

  • You don't need to do anything at this time.
  • Check your withholding again when needed and each year with the Estimator. This helps you make sure the amount withheld works for your circumstance.  

When to check your withholding

Check your tax withholding every year, especially:

When you have a major life change

  • New job or other paid work
  • Major income change
  • Child birth or adoption
  • Home purchase

If you changed your tax withholding mid-year

  • Check your tax withholding at year-end, and adjust as needed with a new W-4

If you have more questions about your withholding, ask your employer or tax advisor.

Why check your withholding

There are several reasons to check your withholding:

  • It can protect against having too little tax withheld and facing an unexpected tax bill or penalty at tax time next year.
  • It can let you adjust your tax withheld up front, so you receive a bigger paycheck and smaller refund at tax time.

The Tax Withholding Estimator doesn't ask for personal information such as your name, social security number, address or bank account numbers.

We don't save or record the information you enter in the estimator.

For details on how to protect yourself from scams, see Tax Scams/Consumer Alerts .  

  •  Facebook
  •  Twitter
  •  Linkedin

Income Allocation

Financial Analyst

Welcome to Income Allocation

About income allocation.

Income Allocation, written by David L. Gaylor, is a financial theory developed to offer retirees a distribution theory that mitigates a variety of distribution risks. The Income Allocation Calculator offers a custom visualization of your client's overall retirement distribution plan, along with the fundamental revisions needed to offset key risks & risk multipliers. This software allows Income Allocation-trained advisors to present a complete & customized retirement plan and in doing so, increase their closing percentages & business retention rates.

Available Income Allocation Tools

Accounting Icons_edited_edited.png

Income Allocation Proposal

Accounting Icons_edited.png

Equivalent Portfolio Calculator

Accounting Icons_edited.png

Sequence of Return Risk

Accounting Icons_edited.png

Account Aggregation

Thanks for submitting!

  • Get 7 Days Free

The Best Allocation Model Portfolios for 2024

Eight multi-asset model portfolio series earn Morningstar Medalist Ratings of Gold.

income allocation calculator

Model portfolios continue to gain traction with financial advisors. Approximately $424 billion follows model portfolios as of June 2023, a 48% increase from $286 billion two years prior[1].

With this rise in popularity and no barriers to launching new paper models, asset managers have flooded the marketplace with options. Since Morningstar launched its model portfolio database in 2019, over 2,500 U.S. models have been reported.

Model portfolios are an investment blueprint delivered by asset managers or investment strategists. Most models are designed to serve as the core of an investor’s portfolio and hold exposures to both stocks and bonds. Of the U.S. models reported to Morningstar, 77% fall into an allocation category, with many coming as a series that includes multiple portfolios, each targeting a specific level of risk.

Our recently published 2023 U.S. Model Portfolio Landscape dives into the drivers behind the industry’s asset growth and makeup, product development trends, and areas of increased emphasis for the future, like customization. Morningstar Direct and Office clients can download the full report here .

The proliferation of similar target-risk models can make it hard for advisors to sort through the myriad choices available to them. Morningstar Medalist Ratings for model portfolios can provide a useful starting point for navigating the options advisors have available.

Ratings Roundup: Our Top Analyst Picks for Model Portfolios

The table below highlights Morningstar Medalist Ratings for allocation model portfolio series with 100% analyst coverage, as of January 2024.

It also highlights how the Medalist Rating, People Pillar, Process Pillar, and Parent Pillar changed over 2023.

Morningstar's Top Rated Allocation Model Portfolio Series – 100% Analyst Covered

This table depicts the Morningstar Medalist Ratings for model portfolios earning a rating of Bronze or higher. These model series are 100% analyst covered.

BlackRock and American Funds Top the Charts

Eight allocation model series earn the coveted Gold rating across all portfolios, four run by BlackRock and four by American Funds.

BlackRock’s high-caliber model portfolio investment team, led by Michael Gates, earned a People Pillar upgrade to High in 2023. The pillar change drove a Medalist Rating upgrade to Gold for the Target Allocation ESG and Target Allocation Tax Aware series, matching the ratings held by the Long-Horizon Allocation ETF and Target Allocation ETF series.

The team guides the firm’s model portfolio efforts and has demonstrated a commitment to challenging and enhancing its research-intensive process, resulting in prudent enhancements across its model series. It also benefits from the firm’s broader resources and the overlapping research agenda with BlackRock’s talented target-date team that covers strategic asset allocation and portfolio construction. Those additional resources allow the model portfolio team to more deeply research portfolio construction topics.

American Funds’ Growth, Growth and Income, Retirement Income, and Tax Aware Growth and Income series each earn a Gold Medalist Rating across all their portfolios. The firm’s experienced and well-resourced multi-asset team guides these offerings—a group that quickly strengthened following a revamp in 2020. The seven-person portfolio solutions committee, all portfolio managers with at least 25 years of industry experience, oversees the series, while the 12-person capital solutions group provides research and allocation support. American Funds’ model portfolios also feature a stellar lineup of underlying managers, and most earn Medalist Ratings of Bronze or better.

The American Funds’ models stand out for their objectives-based approach that’s grounded in investor research. Unlike many peers that allocate to a specific level of risk, the managers here allocate to the different roles equity and fixed income play in a portfolio, such as “growth” (growth stocks) and “income” (bonds). The group’s optimization model takes these portfolio objectives and produces a recommended allocation with exposures to American Funds strategies.

3 Model Series See Process Upgrades to Above Average

These three series’ thoughtful asset-allocation approaches and sound execution drove Process Pillar upgrades.

  • State Street’s Strategic Asset Allocation series features a robust quantitative framework that’s been seamlessly integrated into thoughtful portfolio construction. The strategic asset-allocation process may appear standard with the typical four steps (risk and return forecasting, optimization, qualitative review, and implementation), but it is implemented efficiently and consistently, elevating it a cut above peers.
  • BlackRock’s Target Allocation Multi-Manager with Alternatives portfolios earn a Silver rating. It includes an allocation to liquid alternatives as fixed-income substitutes, which sets this series apart from the firm’s other model offerings. A research-intensive approach guides the thoughtful portfolio construction and sensible mix of liquid alternatives, third-party actively managed strategies, and in-house funds and exchange-traded funds, driving the Process Pillar upgrade. The series’ use of liquid alternatives does drive up fees, however, resulting in its lower rating relative to the firm’s other offerings.
  • Pimco Retirement Income series, which holds a Bronze rating, is designed to help investors in retirement navigate the difficult task of replacing their paycheck in retirement. The three versions of the series (conservative, balanced, and moderate growth) offer varying levels of income but do a good job of balancing that without taking on excess volatility, as many income-oriented models often fail to do. Sharp lead manager Erin Browne builds these models using Pimco’s fixed-income funds and low-cost passive ETFs from Vanguard. It’s a potent pairing.

Which Model Series Saw Ratings Downgrades?

Seven model portfolio series, including five Vanguard series, Schwab A, and Dimensional Core Wealth, saw a Medalist Rating downgrade without a pillar rating change. Higher conviction in other series pushed these down a notch.

However, each series remains appealing, earning a Silver or Bronze Medalist Rating.

Morningstar Expands Model Portfolio Coverage

The fast-paced growth of the model portfolio universe in recent years made assessing the expansive universe increasingly difficult. To help advisors, we expanded the Morningstar Medalist Rating for model portfolios to include quantitatively driven assessments in November 2022 (formerly known as the Morningstar Quantitative Rating).

The move more than tripled the number of model portfolios receiving a forward-looking Morningstar Medalist Rating at the time. Currently, over 1,700 U.S. model portfolios receive Medalist Ratings, or about 62% of those reported to Morningstar.

[1] Asset figures are based on both surveyed data and figures reported to Morningstar. These conservative estimates only account for assets where model providers maintain clear visibility.

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies .

More on this Topic

What You Can Learn From Your 1099 Forms These forms can yield valuable information about your portfolio’s asset location and tax efficiency. Christine Benz

5 of the Best Ways to Invest Money Here are five common strategies that investors use to save for retirement. Susan Dziubinski

Sponsor Center

2024 Tax Brackets: This Is Why Your Paycheck Could Be Bigger This Year

With the changes, your take-home pay may have increased if you now fall into a lower tax bracket.

courtney

You didn't receive a raise in 2023, but you may have noticed that you're receiving a slightly different amount of money in your paycheck. The IRS increased 2024 tax brackets , which could translate into more money on payday for some folks.

Both federal income tax brackets and the standard deduction were raised for 2024. The higher amounts will apply to your 2024 taxes, which you'll file in 2025 . 

It's normal for the IRS to make tax code changes each year to account for inflation . This also helps prevent " tax bracket creep ," which could push you into a higher tax bracket, despite inflation eating into your wages. So, even if you make more money in 2024, factoring inflation into the tax code could prevent you from being pushed into a higher tax bracket -- and may even bring you down to a lower bracket and bump up your take-home pay. Here's why. 

For more on taxes, here are our picks for the best tax software for 2024 , what you need to know about tax filing deadlines this year  and when you can expect to receive your child tax credit money .

How tax code changes affect your paycheck

 width=

When the IRS raises federal income tax brackets, you might fall into a lower tax bracket than you did the year before -- particularly if your income has stayed the same. 

For example, if you made $45,000 in 2023, you would have fallen into the 22% tax bracket for that tax year. But if your income remains at $45,000 in 2024, you'll drop down to the 12% bracket. That means you'll be on the hook for less federal tax next year and will have less money withdrawn from your paycheck.

If you make more in 2024 than you did in 2023, the amount your pay has increased will determine where you fall. It's possible you'll still fall into a lower tax bracket, based on the new changes. But you may remain in the same bracket or move up to a higher one.

In either scenario, it's important to understand that since inflation is still lingering , you're likely feeling the sting of high prices in different ways. So, even if you drop into a lower tax bracket and take home a slightly bigger paycheck next year, it's likely inflation is already eating into the amount you pay for housing, gas, food or other essentials. 

2024 income tax brackets

Your federal income tax bracket helps determine how much you'll pay in taxes for a given tax year, excluding the standard deduction or any itemized tax deductions . 

2024 income tax brackets for single filers:

2024 income tax brackets for filers who are married, filing jointly:

2024 income tax brackets for head of household filers:

2024 standard deduction

For 2024, the standard tax deduction for single filers has been raised to $14,600, a $750 increase from 2023. For those married and filing jointly, the standard deduction has been raised to $29,200, up $1,500 from the previous year.

Source for all charts:  IRS (PDF) .

Most taxpayers with simple tax returns claim the standard deduction, which reduces their taxable income. If you receive your wages solely from an employer as a W-2 employee, the standard deduction is usually the best way to maximize your tax refund. If you're self-employed or have specific deductions you'd like to claim, you'll itemize your deductions instead.

Other 2024 tax changes that may help you

There are other tax changes happening next year that could put more money in your paycheck. If you collect Social Security, you'll receive a 3.2% cost-of-living-adjustment in 2024 . And since the first of January falls on a holiday, you can expect to receive your first increased SSI payment at the end of December .

The IRS also announced a series of other increases to popular tax credits and deductions for 2024, including a higher maximum for the Earned Income Tax Credit, adjustments to the gift tax exclusion and an increase to the foreign earned income exclusion.

We'll keep you updated as new tax changes are announced.

IMAGES

  1. Download Modified Adjusted Gross Income Calculator Excel Template

    income allocation calculator

  2. Excel spreadsheet to estimate federal and state income taxes

    income allocation calculator

  3. Types of Investment

    income allocation calculator

  4. Business Income Allocation Calculator

    income allocation calculator

  5. Download Modified Adjusted Gross Income Calculator Excel Template

    income allocation calculator

  6. Common Size Income Statement Calculator

    income allocation calculator

VIDEO

  1. #income #value

  2. 22 Computation of Income From Salary

  3. Financial Calculator

  4. How to calculate Income from salary? [#shorts]

  5. Unit-3 Computation of Total Taxable Income

  6. HOW TO CALCULATE YOUR INCOME TAX FY 2023-24

COMMENTS

  1. 50/30/20 Budget Calculator

    Our 50/30/20 calculator divides your take-home income into suggested spending in three categories: 50% of net pay for needs, 30% for wants and 20% for savings and debt repayment. The 50/30/20...

  2. Free Paycheck Calculator: Hourly & Salary Take Home After Taxes

    Free Paycheck Calculator: Hourly & Salary Take Home After Taxes You can't withhold more than your earnings. Please adjust your Save more with these rates that beat the National Average See what your taxes in retirement will be How would you rate your experience using this SmartAsset tool? What is the most important reason for that score? (optional)

  3. Free Budget Calculator

    With our interactive budget calculator you can see how people like you in your zip code are budgeting based on factors including the number of adults and children in the household and the size of the household's annual income. A budget lets you manage how much you're spending relative to how much you're earning.

  4. 50/30/20 Monthly Budget Calculator

    A 50/30/20 budget calculator, specifically, will split your income into three different categories: 50% for your needs, 30% for your wants and 20% for your savings. To use the 50/30/20 budget...

  5. Budget Calculator

    A main source of income for most Americans in retirement is Social Security. It is important to remember that Social Security payments can only be received as early as age 62. Please visit any of the calculators below for more specific information or calculations. Take-Home-Paycheck Calculator; Income Tax Calculator; Salary Calculator

  6. Budget Calculator

    Evaluate your need and discuss with your spouse. Use tools like this Budget Calculator to make the process dynamic so you can add any unforeseen expenses in your next month's budget. Set a savings goal. Allocate money to save each month and build a cushion. Avoid using your credit card for paying your expenses.

  7. Asset Allocation Calculator

    The Asset Allocation Calculator is designed to help create a balanced portfolio of investments. Age, ability to tolerate risk, and several other factors are used to calculate a desirable mix...

  8. Budgeting Calculator

    This free budgeting calculator shows how to divide your income between savings and spending. ... If your income and expenses are complicated (for example, you have multiple, variable sources of ...

  9. The 50/30/20 Budget Rule Explained With Examples

    Key Takeaways. The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split ...

  10. Asset Allocation Calculator

    Asset Allocation Calculator - Portfolio Allocation Models can help you manage your investment portfolio. To find a financial advisor who serves your area, try SmartAsset's free online matching tool. Use SmartAsset's asset allocation calculator to understand your risk profile and what types of investments are right for your portfolio.

  11. Tools and Calculators Overview

    Our easy-to-use investment calculators and retirement tools can help you strengthen financial strategy Investment analysis (5) Retirement planning tools (7) Education savings (7) Advice (2) All investing is subject to risk, including the possible loss of money you invest.

  12. Investment income calculator

    Resources & education Open an account Investment Income Calculator Enter values in any 2 of the fields below to estimate the yield, potential income, or amount for a hypothetical investment. Then click Calculate your results. Yield Type in estimated yield percentage Investment amount Income Type in desired income amount Month Year

  13. Asset Allocation Calculator

    Asset Allocation Calculator. The asset allocation is designed to help you create a balanced portfolio of investments. Your age, ability to tolerate risk and several other factors are used to calculate a desirable mix of stocks, bonds and cash. The calculated asset allocation is a great place to start your analysis in building a balanced portfolio.

  14. How do I allocate (split) income for a part-year state return?

    Estimate the number of weeks/months you worked at that job while a resident of one state and divide it by the total of number of weeks/months you worked at that job to come up with a factor. Apply the factor to your total income from that job to come up with the allocation for that state.

  15. Investing Calculators & Tools

    Price-Yield CalculatorOpens in a new window. Calculate the estimated yield or price of a bond, including accrued interest, invoice price, yield-to-maturity, and yield-to-call. Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money. Options trading entails significant risk ...

  16. Tax Calculator: Tax Refund & Return Estimator (2023-2024)

    Estimate your 2023-2024 federal taxes with our free income tax calculator and refund estimator. Input your income, deductions, and credits to determine your potential bill or refund. Taxable ...

  17. AGI Calculator

    AGI calculator or adjusted gross income calculator is a tool to estimate your adjusted gross income (AGI), which helps you determine your taxable income and tax bracket. This calculator computes your gross income and subtracts permitted adjustments to arrive at your AGI.

  18. Retirement Income Planning. Income Power

    The twin goals of the Income Allocation Planning (IAP) method are to increase the amount of after-tax (spendable) income and to reduce income volatility (for more dependability).IAP does this by creating more safe income not dependent on market returns. Read more How much of an Income Boost can I get from Income Allocation?

  19. Retirement Calculator: Free Estimate of How Much You Need

    Experts recommend saving 10% to 15% of your pretax income for retirement. When you enter a number in the monthly contribution field, the calculator will automatically translate that to a ...

  20. Federal Income Tax Calculator (2023-2024)

    To calculate taxable income, you begin by making certain adjustments from gross income to arrive at adjusted gross income (AGI). Once you have calculated adjusted gross income, you can subtract any deductions for which you qualify (either itemized or standard) to arrive at taxable income.

  21. Tax Withholding Estimator

    The Tax Withholding Estimator doesn't ask for personal information such as your name, social security number, address or bank account numbers. We don't save or record the information you enter in the estimator. For details on how to protect yourself from scams, see Tax Scams/Consumer Alerts. Check your W-4 tax withholding with the IRS Tax ...

  22. Home

    The Income Allocation Calculator offers a custom visualization of your client's overall retirement distribution plan, along with the fundamental revisions needed to offset key risks & risk multipliers. This software allows Income Allocation-trained advisors to present a complete & customized retirement plan and in doing so, increase their ...

  23. The Best Allocation Model Portfolios for 2024

    Source: Morningstar Direct. Model portfolio series under analyst coverage as of Jan. 31, 2024. Medalist Ratings as of Dec. 31, 2023. Medalist Rating and pillar changes based on 2023 updates.

  24. 2024 Tax Brackets: This Is Why Your Paycheck Could Be Bigger ...

    For example, if you made $45,000 in 2023, you would have fallen into the 22% tax bracket for that tax year. But if your income remains at $45,000 in 2024, you'll drop down to the 12% bracket. That ...