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Are there any really good retirement calculators. Calculators that include expenses, taxes, minimum withdrawal from ira's?
Mmomo
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The best is to do your own in a spreadsheet program. Then you can easily customize it to your situation and know what assumptions were made. I wouldn't trust a black box calculator.

Motley Fool once offered a workbook for this purpose. Last I hear it was on the Rule Your Retirement board. They also have run on line courses to walk people through the calculations and answer questions from time to time.

But you may very well be able to find books or workbooks like this in your local library.

For those who are doing early planning, far from retirement, calculations based on your current income can sometimes be used, but I would not trust those when you are close to retirement. Statements like "you will need 70% of your current income in retirement" are favored by insurance salesmen and not very reliable. Best is to get together your best estimate of your living expenses in retirement, and your sources of income to figure out what you need your savings to do for you in retirement.
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My view is people enter retirement with no idea what their expenses are. Unless you really know what you are spending where before retirement, it is hard to project your spending after retirement. So get a copy of Quicken (Delux will work just fine) and record where you spend your money. If you cannot account for more than 1 or maybe 2% of your money, try harder.

Gordon
Atlanta
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Typo I meant to say if you have more than 1 or maybe 2% of your money that is not accounted for, try harder.

Gordon
Atlanta
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