When Can I Retire8.2

You may have retirement savings in a 401(k), 403(b), or 457(b) plan. You may also have an IRA or cash and investments. Find out when you will be able to retire based on your financial circumstances.

**App Highlights**

*The "When Can I Retire" app calculates your retirement age based on numerous optional inputs such as your current salary, yearly salary increase, yearly retirement contribution, yearly contribution increase, employer matching contribution, post-retirement expense, social security, and other retirement income.

*The unique app factors in the retirement age calculation that you cannot withdraw your retirement savings from a 401(k) plan, 403(b) plan, or an IRA before you turn 59 1/2 without incurring a possible 10% penalty. However, you can withdraw your retirement savings from a 457(b) plan without facing an early withdrawal penalty.

*The app considers that you can contribute only up to a specific maximum limit to your employer-sponsored retirement plan. For example, you can contribute a maximum of 23,000 dollars to your 401(k), 403(b), or 457(b) plan for this year as per the current law. However, there is a catch-up contribution limit of an additional 7,500 dollars if you are aged 50 and older.

*The app considers the combined total of your contributions and employer matching contributions to a 401(k) or 403(b) plan cannot exceed your salary or 69,000 dollars for this year as per the current law. There is a catch-up contribution limit of an additional 7,500 dollars if you are aged 50 and older.

*The app lays out a clear picture of your finances with both a pre-retirement and post-retirement plan.

*The app allows you to email your pre-retirement plan and post-retirement plan in tabular and graphical views to yourself or others.

*This app saves your inputs and retains them across the launches upon successful retirement age calculation.

*You can share the app via Text Message, WhatsApp, Facebook, or Twitter from within the app.

Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/

Version History We have updated the contribution limits for the retirement plans. 8.2 03/11/2024 We updated the look and feel of the app to give you the best experience. 8.1 11/08/2023 We updated the look and feel of the app to give you the best experience. 8.0 10/25/2023 We have added the inline help feature to give you the best experience. 7.8 10/05/2023 We updated the look and feel of the app to give you the best experience. 7.7 09/29/2023 We updated the look and feel of the app to give you the best experience. 7.6 07/22/2023 We updated the look and feel of the app to give you the best experience. 7.5 07/11/2023 We updated the look and feel of the app to give you the best experience. 7.4 06/09/2023 We updated the look and feel of the app to give you the best experience. 7.3 05/26/2023 We updated the look and feel of the app to give you the best experience. 7.2 05/22/2023 We updated the look and feel of the app to give you the best experience. 7.1 05/21/2023 The app has been redesigned for a new look and feel. 7.0 04/30/2023 The Help feature has been updated for 401(k), 403(b), and 457(b) retirement plans. 6.2 04/24/2023 The employer matching contributions feature has been updated for the 401(k) and 403(b) retirement plans. 6.1 04/23/2023 The app now supports the 403(b) and 457(b) retirement plans in addition to the 401(k) plan. 6.0 04/22/2023 New feature to convert the percentage fields for salary contribution, salary increase, contribution increase, employer match, and employer contribution limit to corresponding dollar amounts. 5.0 04/12/2023 The app has been updated with most recent laws passed on retirement. 4.3 03/22/2023 App has been updated for In-App Purchases. 4.2 05/04/2022 App has been updated with the 2022 laws on the retirement plans. 4.1 04/05/2022 App has been redesigned for a new look. 4.0 08/11/2020 Updated the app with analytics. 3.3 07/15/2020 Updated the maximum 401K retirement contribution limits. 3.2 04/10/2020 -App has been updated to make some of the input fields optional.
-More explanations have been added to the Post-Retirement plan. 3.1 12/12/2019 This app is updated to suit the individuals who have an employer-sponsored retirement plan 401K, may contribute to the IRA and may also have additional retirement savings such as cash and investments in taxable accounts. 3.0 08/30/2019 New feature enhancements
-You can email your Pre Retirement Plan and Post Retirement Plan reports to yourself or others from within the app.
-You can share the app via Email, Facebook and Twitter from within the app.
-Social Security maximum benefit has been updated to be in line with 2019 cap.
-It is possible now to rate the app and write a review for the app from within the app 2.0 02/12/2019