Paycheck frequency: | 2X/Month | Annual | |
Paycheck Items | Earner #1 | Earner #2 | Annual |
Gross Salary/Wages | $3,333 | $0 | $80,000 |
Pretax Health/Dental/Vision Ins. | $15 | $0 | $351 |
Employer-sponsored HSA | $144 | $0 | $3,450 |
FICA base salary/wages | $3,175 | $0 | $76,199 |
401(k) / 403(b) / TSP / etc. | $800 | $0 | $19,200 |
W-2 Box 1 | $2,375 | $0 | $56,999 |
ESPP/After-tax 401k | $255 | $0 | $6,126 |
Employer Match | $200 | $0 | $4,800 |
Net paycheck before tax | $2,120 | $0 | $50,873 |
Non-paycheck income | Annual | Annual | Annual |
Qualified dividends | $238 | $238 | |
1040 Total Income | $57,237 | $0 | $57,237 |
Subtractions for AGI | 2X/Month | Annual | Annual |
Personal HSA | $144 | $0 | $3,450 |
Traditional IRA | $229 | $0 | $5,500 |
1040 AGI | $48,287 | ||
Payroll Taxes | 2X/Month | Annual | Annual |
Social Security | $197 | $0 | $4,724 |
Medicare | $46 | $0 | $1,105 |
Income Taxes | |||
Federal tax | $172 | 2018, S, std. | $4,135 |
State+local tax | $100 | GA state calc'n | $2,407 |
Total income taxes | $515 | $12,372 | |
Monthly | |||
Income before other expenses | $2,482 | $29,789 | |
Monthly Average Expenses | Comments | ||
Rent | $450 | $5,400 | |
Home/Rent Insurance | $10 | $120 | |
Bicycle Maintenance | $4 | $52 | |
Car Insurance | $86 | $1,035 | |
Car Maintenance, Registration, etc. | $21 | $258 | |
Charitable contributions | $596 | Input to Item. Ded. | $7,155 |
Christmas/Holidays | $40 | $474 | |
Clothing/Shoes | $16 | $195 | |
Credit card fees | $0 | $3 | |
Dining (Lunch/Dinner/Etc.) | $113 | $1,350 | |
Dry Cleaning | $2 | $18 | |
Electricity | $23 | $274 | |
Entertainment | $9 | $103 | |
Financial Fees | $3 | $30 | |
Fuel/Public Transport | $131 | $1,573 | |
Gas/Oil for heating | $15 | $180 | |
Groceries | $256 | $3,066 | |
Hair Care | $15 | $174 | |
Household; Maintenance | $15 | $180 | |
Internet | $17 | $203 | |
Life/LTD Insurance | $5 | $63 | |
Medical (Doctor, Hospital, etc.) | $82 | Input to Item. Ded. | $981 |
Phone (cell) | $78 | $932 | |
Sports/Recreation | $142 | $1,702 | |
Travel/Vacation | $230 | $2,755 | |
Work/Professional fees | $8 | $100 | |
Non-mortgage total | $2,365 | $28,375 | |
Total Expense | $2,365 | $28,375 | |
Total to invest | $118 | $1,414 | |
Summary: | |||
"Gross" income | $6,686 | $80,238 | |
Income taxes | $1,031 | $12,372 | |
After-tax income | $5,656 | $67,866 | |
IRA+401k/403b/TSP/457 | $2,058 | $0 | $24,700 |
HSA | $575 | $0 | $6,900 |
ESPP | $511 | $0 | $6,126 |
Living expenses | $2,394 | $28,726 | |
After-tax investable | $118 | $1,414 | |
Time to FI?: | |||
Extra income after RE (pension, SS, etc.) | 28000 | /year | |
Guess at time to FI | 9.9 | years | |
Safe Withdrawal Rate | 4.00% | percent | |
Real return on tax-deferred investments | 5.00% | percent | |
Real, after tax, return on taxable investments | 4.25% | percent | |
Current Savings | |||
Projected Savings at Retirement | |||
Taxable | $90,464 | ||
Tax-deferred (e.g. trad. IRA/401k) | $366,370 | ||
Roth + HSA | $85,693 | ||
Total projected stash | $542,527 | ||
Projected Expenses in Retirement | |||
Non-loan, non-work expenses | $28,275 | ||
Annual non-tax retirement expense | $28,275 | ||
Total | $28,275 | ||
Stash needed for retirement @4.0% SWR | $6,884 | ||
Have $535,643 extra. |
Filing Status | 1 | 1=S, 2=MFJ, 3=HOH | |
Adult #1 | |||
Age | 27 | ||
Full-time student? | 0 | 0 | |
AGI | $48,287 | ||
Std. Deduct. | $12,000 | ||
Act. Deduct. | $12,000 | ||
Exemption | $0 | ||
Taxable | $36,287 | ||
1040 Tax | $4,135 | ||
Tax after n-r credit | $4,135 | ||
Net Tax | $4,135 | ||
State tax | $2,407 | GA | |
Charity | $7,155 | ||
Item. Deduct. | $9,562 | ||
Version | V11.11 |