Lifetime Financial Planner

Future (nominal) dollars — amounts are shown in the dollars of each year, not adjusted for inflation (use the "Show in" toggle above for today's dollars). Each person's salary grows at its own rate and stops at their own retirement age; living costs, rent and tuition grow with inflation. Annual saving is split — retirement contributions fill the tax-advantaged bucket, the rest goes taxable; shortfalls draw down taxable first. The down payment converts taxable savings into home equity in the purchase year, and equity grows as the mortgage amortizes and the home appreciates. Financial independence uses the 4% rule on recurring spending: the first year your liquid assets (taxable + retirement, excluding home equity) reach 25× your ongoing annual living + housing costs, excluding temporary childcare and education. The headline FI number is in today's dollars; the achieved year accounts for inflation on both the target and your assets. After retirement, earned income stops; Social Security begins at each person's claim age (inflation-adjusted, with up to 85% taxable via the provisional-income rule), and any other income streams (pensions, rental, annuities) are added — taxable ones as ordinary income, without payroll tax. Spending shortfalls are funded from taxable savings first, then from the pre-tax retirement account, where withdrawals are taxed as ordinary income — so that tax shows up as a faster drawdown. From age 72, required minimum distributions force a taxable withdrawal from the pre-tax retirement balance each year even when the cash isn't needed; the after-tax remainder is reinvested in the taxable account — the Roth Conversion Planner shows how converting in low-income years can shrink those RMDs. A planning estimate, not financial advice.