Income of before taxes | MONTHLY_WITHDRAW_BF per month |

Income of after taxes | MONTHLY_WITHDRAW_AF per month |

Value of income today ( with INFLATION_RATE annual inflation) | NPV_MONTHLY_WITHDRAW_AF per month |

Starting balance | STARTING_BALANCE |

Annual contribution | ANNUAL_CONTRIBUTION |

Current age | CURRENT_AGE |

Age of retirement | AGE_OF_RETIREMENT |

Years of retirement | YEARS_OF_RETIREMENT |

Rate of return before retirement | RATE_OF_RETURN |

Rate of return during retirement | RETIREMENT_ROR |

Current tax rate | CURRENT_TAX_RATE |

Retirement tax rate | RETIREMENT_TAX_RATE |

Expected rate of inflation | INFLATION_RATE |

Is this savings tax-deferred? | TAX_DEFERRED |

Increase annual deposit with inflation? | INCREASE_ANNUAL_CONTRIBUTION |

Total contributions | TOTAL_CONTRIBUTIONS |

Savings total before taxes | SAVINGS_TOTAL_BF_TAX |

Savings total after taxes | SAVINGS_TOTAL_AF_TAX |

Value of savings today (after inflation) | NPV_TOTAL_AFT |

- Starting balance
- Initial balance that you have in your retirement accounts.
- Annual contributions
- The amount you will contribute to your retirement savings each year. This calculator assumes that you make your contribution at the beginning of each year. This should reflect the total you save toward your retirement. This should include any retirement plans and your employer's contributions to these plans. It should also include any other retirement accounts and any retirement savings in nonretirement accounts.
**This calculator assumes that you make one annual contribution at the start of each year, and any withdrawals happen once per month at the beginning of each month.** - Current age
- Your current age.
- Age of retirement
- Age you wish to retire. This calculator assumes that the year you retire, you do not make any contributions to your retirement savings. So if you retire at age 65, your last contribution occurs when you are actually age 64.
- Rate of return before retirement
- This is the annual rate of return you expect from your investments before taxes. The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor's 500® (S&P 500®) for the 10 years ending Dec. 1st, 2015, had an annual compounded rate of return of 7.76%, including reinvestment of dividends. From January 1970 through to Dec. 2015, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 10.5% (source: www.standardandpoors.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a financial institution may pay as little as 0.25% or less but carry significantly lower risk of loss of principal balances.
It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that Separate Account investment funds and/or investment companies may charge.

- Rate of return during retirement
- This is the annual rate of return you expect from your investments during retirement. It is often lower than the return earned before retirement due to more conservative investment choices to help insure a steady flow of income. The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor's 500® (S&P 500®) for the 10 years ending Dec. 1st, 2015, had an annual compounded rate of return of 7.76%, including reinvestment of dividends. From January 1970 through to Dec. 2015, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 10.5% (source: www.standardandpoors.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a financial institution may pay as little as 0.25% or less but carry significantly lower risk of loss of principal balances.
It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that Separate Account investment funds and/or investment companies may charge.

- Current tax rate
- Your current marginal tax rate you expect to pay on your taxable investments. Use the table below to assist you in estimating your federal tax rate.
Filing Status and Income Tax Rates 2016* Tax Rate Married Filing Jointly or Qualified Widow(er) Single Head of Household Married Filing Separately 10% $0 - $18,550 $0 - $9,275 $0 - $13,250 $0 - $9,275 15% $18,550 - $75,300 $9,275 - $37,650 $13,250 - $50,400 $9,275 - $37,650 25% $75,300 - $151,900 $37,650 - $91,150 $50,400 - $130,150 $37,650 - $75,950 28% $151,900 - $231,450 $91,150 - $190,150 $130,150 - $210,800 $75,950 - $115,725 33% $231,450 -$413,350 $190,150 - $413,350 $210,800 - $413,350 $115,725 - $206,675 35% $413,350 -$466,950 $413,350 - $415,050 $413,350 - $441,000 $206,675 - $233,475 39.6% Over$466,950 Over$415,050 Over$441,000 Over$233,475 *Caution: Do not use these tax rate schedules to figure 2015 taxes. Use only to figure 2016 estimates. Source: 2015 Rev. Proc. 2015-61 - Retirement tax rate
- The marginal tax rate you expect to pay on your investments at retirement.
- Expected inflation rate
- This is what you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI). From 1925 through 2015 the CPI has a long-term average of 2.9% annually. Over the last 40 years highest CPI recorded was 13.5% in 1980. For 2015, the last full year available, the CPI was 0.0% annually as reported by the Minneapolis Federal Reserve.
- Years of retirement
- Number of years you expect to live in retirement.
- To increase deposits with inflation checkbox
- Check this box if wish to have your annual contribution increased each year to keep up with inflation.
- If savings is tax-deferred checkbox
- Check this box if your retirement savings is being deposited into a tax-deferred account. This includes an IRA, 401(k), 403(b), governmental 457(b), variable annuity or other tax-deferred investment.

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