Retirement Income Gap Calculator | Mavilian Financial Group

Educational tool only — not personalized financial, tax, or insurance advice. Advisory services provided by Bayworth Capital, a registered investment adviser (CRD #284360). Full disclosures below.

About You

Your Current Age

Planned Retirement Age

What You Need in Retirement

Monthly Living Expenses (in today's dollars)

Housing, food, transportation, insurance, entertainment, travel — everything except healthcare (below). This is your spending need only and does not include taxes.

Taxes are separate. Different accounts have different tax treatments. Traditional IRA/401(k) withdrawals are fully taxed as ordinary income. Brokerage withdrawals are only taxed on the gain portion at capital gains rates. Roth withdrawals are tax-free. The projection below tracks which accounts you draw from and calculates the actual tax cost — so you see the gross amount you need to pull, not just the spending.

Add separate healthcare estimate

Monthly Healthcare Cost Estimate

Medicare premiums, supplements, prescriptions, dental, vision. Average retired couple: $500–$800/mo.

Contracted Income Sources

Income you're entitled to by contract or law — Social Security, pensions, annuities. These don't depend on market performance.

Your SS Monthly Benefit (PIA)

From your statement at ssa.gov

SS Claiming Age

62–70

Monthly Pension

Employer pension or similar

Monthly Annuity Income

Other Reliable Monthly Income

Rental income, royalties, etc. — enter only if reliably recurring and not subject to market risk (e.g., stable rental net income, not volatile business earnings).

Savings & Investments

Traditional IRA / 401(k)

Pre-tax retirement accounts

Roth IRA / Roth 401(k)

Tax-free accounts

Brokerage / Taxable Accounts

Other Savings (CDs, money market, etc.)

Income Assumption

Expected Annual Yield on Portfolio

What your savings can generate annually without touching principal. Current short-term rates (money market, T-bills, short-term bonds) are a conservative baseline.

Why yield instead of the “4% rule”? The 4% rule assumes drawing down your principal over 30 years. We start with what your money can generate without touching the principal — a more conservative baseline. If there's a gap, the question becomes: are you comfortable drawing down, or do we find ways to close it? That's a conversation worth having.

Assumptions

Expected Inflation Rate

Used to grow spending need each year

Ordinary Income Tax Rate

Applied to traditional IRA/401(k) withdrawals

Capital Gains Tax Rate

Applied to gains in brokerage accounts (0%, 15%, or 20% for most)

Brokerage Cost Basis %

Estimated % of brokerage value that is your original investment (not gain)

How taxes are handled in the projection: Not all accounts are taxed the same. The projection draws from accounts in a tax-efficient order — brokerage first (only gains are taxed, at the capital gains rate), then traditional accounts (fully taxed as ordinary income), then Roth (tax-free). This means your actual tax cost depends on which accounts are funding the gap, not a single blended rate.

Important Disclosures

Firm Information: Investment advisory services are offered through Bayworth Capital (CRD #284360), a Registered Investment Adviser. Registration does not imply a certain level of skill or training. Avo Mavilian (CRD #6263067) is an Investment Adviser Representative of Bayworth Capital. Mavilian Financial Group is a dba of Tailwind Financial Strategies, LLC, a licensed insurance agency and tax advisory firm owned by Avo Mavilian. Mavilian Financial Group is not a registered investment adviser. Mavilian Financial Group and Bayworth Capital are independent companies.

Conflicts of Interest — Insurance & Tax: Mr. Mavilian is separately licensed as an independent insurance agent and, in that capacity, may effect transactions in insurance products and earn commissions. Advisory fees paid to Bayworth Capital are separate and distinct from commissions earned on insurance products. This presents a conflict of interest because Mr. Mavilian may have an incentive to recommend insurance products for the purpose of generating commissions rather than solely based on your needs. You are under no obligation, contractually or otherwise, to purchase insurance products through Mr. Mavilian or any affiliated person. Mr. Mavilian is also a federally authorized tax practitioner (Enrolled Agent) admitted to practice before the Internal Revenue Service; tax services are provided through Tailwind Financial Strategies, LLC dba Mavilian Financial Group and are separate from advisory services provided by Bayworth Capital.

Educational Tool Only: This calculator is for educational and illustrative purposes only. Results are hypothetical, based on the assumptions you entered, and are not predictions of actual outcomes. Past performance and illustrated outcomes do not guarantee future results. Individual circumstances vary — consult a qualified financial, tax, legal, or insurance professional before making decisions.

Form ADV: For more information about Bayworth Capital's advisory services, fees, and potential conflicts of interest, please review our Form ADV Part 2A brochure, available at adviserinfo.sec.gov or upon request by contacting compliance@bayworthcapital.com.