Retirement calculators & tools

Whether you're just beginning to think about retirement or are already enjoying it, these interactive retirement calculators and tools can make it easy for you to plan and prepare for the road ahead.

Retirement planner

Roth IRA conversion analyzer

Retirement income calculator

Retirement milestones

50
years old

You can make catch-up contributions to many retirement plans beginning in the year you turn 50.

55
years old

You can start taking penalty-free withdrawals from qualified retirement plans such as 401(k)s, 403(b)s and profit sharing plans after you left your employer in the year you turned 55 or later.

59½
years old

You can begin taking withdrawals without penalty from IRAs and qualified retirement plans.

62
years old

You can start taking reduced Social Security benefits.

64
years and 9 months old

You can apply for Medicare.

66–67
years old

You can start taking full Social Security benefits depending on your birth year. Any delay in applying for Social Security benefits, up to age 70, can qualify you for increased retirement benefits.

70½
years old

You must begin taking Required Minimum Distributions (RMDs) from most retirement accounts.

Important Upcoming Dates

January – December 2017

April
1
  • 2016 required minimum distribution deadline for individuals born July 1, 1945 to June 30, 1946 (if initial RMD was not satisfied by 12/31/16)
April
18
  • Individual 2016 tax returns and tax payments are due
  • Deadline for funding a traditional or Roth IRA for 2016
October
16
  • Extended 2016 tax filing deadline for individuals who filed for an extension on form 4868 (application for automatic extension of time to file U.S. individual income tax return).Deadline for sole proprietors that filed for a six-month extension to establish and contribute to a SEP IRA for 2016
  • Deadline to recharacterize an IRA contribution or conversion from 2016
December
31
  • Deadline to take required minimum distributions (RMDs) for 2017 for individuals born June, 30 1946 or earlier.

  • Deadline for conversions to Roth IRA for 2017

  • Deadline for selling non-qualified securities to realize gain or loss in 2017, if appropriate.

  • Charitable giving deadline for 2017 federal income tax deduction.

Note: Taxpayers may need to start the process by mid-December to meet the December 31 deadline.