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EXTENDED ORP: Retirement Planning for Nerds

Extended ORP allows you to supply your own values for Essential ORP's assumed parameters. Every field on this form represents an issue that may affect your retirement finances. Take your time; give each field some thought.

Plan ID

Plan Description:

info icon  Enter all dollar amounts as thousands of dollars
(For example: Enter 10 for $10,000 )
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Retiree Spouse
Current Age(s)

Retirement Accounts

Retiree Spouse
Tax-deferred Account Initial Balance $ $
Tax-deferred Account After tax Balance $ $
Tax-deferred Account Maximum Annual Contribution $ $

Roth IRA Initial Balance $ $
Roth IRA Maximum Annual Contribution $ $
Roth IRA Minimum Balance $

After-tax Account Initial Balance $
After-tax Assets Cost Basis $

Maximum Annual Contribution of All Types $

Plan Surplus in current dollars (No Surplus) $

Illiquid Assets

Home Other
Asset Value $ $
Cost Basis - Original Cost, for Tax Purposes. $ $
Mortgage or Loan - Balance due at sale $ $
Age to Sell - Convert illiquid asset to liquid asset

Reverse Mortgage

Age to Start Reverse Mortgage Distribution
Lifetime Income Plan Annual Payments $
Lump Sum Distribution $

Guaranteed Retirement Income

Retiree Spouse
Social Security Benefits Current Benefits or PIA $ $
Age to Begin Benefits (FRA)
Disability Insurance (check if it applies)
Social Security will continue full benefits?

Pension and Other Income, Indexed to Inflation $ $
Pension and Other Income, not Indexed to Inflation $ $
Pension One Time, Lump Sum Distribution $ $
Pension Beginning Age (Retirement Age)
Pension Survivors Benefit    %    %

Earned Income - Part time and Otherwise $ $
Earned Income Ending Age

Annuity Annual Distribution $ $
Annuity Funding from the IRA $ $
Age to Begin Annuity (Immediate Annuity)

Tontine Dividend $ $
Tontine Funding from the IRA $ $

Affordable Care Act

ACA - Taxable Income Limit $
PTC - Premium Tax Credit $

The Phases of Retirement

Retirement Spending Option

Essential Spending and Extraordinary Events

Age Non-recurring
One Time
Identification (Optional)

Retirement Plans

Retiree Spouse
Retirement Age (65)
Planning Horizon (92)
Early Withdrawals (Pay 10% Penalty) $ $
IRA to Roth IRA Conversions

Glide Path (Introduction)

Tax-deferred Roth Taxable
Stock Allocation at Retirement (100%) % % %
Bond Allocation at Retirement (0%) % % %

Stock Allocation at Plan End (100%) % % %
Bond Allocation at Plan End (0%) % % %

Stock Investments Rate of Return (7%) % % %
Stock dividend rate (3.26%) %
Fixed Income % Yield (3%) % % %


Income Spending
Inflation Rate (2%, 4%) % %


After-tax Account Capital Gains Tax Rate (15%) %

Current Marginal Personal Income Tax Rate (24%)    %

Retirement State Income Tax Deductions & Exemptions $
Retirement State Income Tax Rate    %

Social Security Exemption From State Income Taxes $
Pension Income Exemption From State Income Taxes $

3-PEAT Retirement Income Management Simulation

Year to Begin Historical Simulation
Management Fee %

What's Monte Carlo