### IRA/401(k)/403(b) Retirement Calculation

**Updated October 1997** - Require minimum withdrawals using the
IRS single life expectancy table. At 70 1/2 you ** are forced** to
withdraw the minimum. Note that joint life minimums withdrawals would be
smaller, as would MDIB (Minimum Distribution Incidental Benefit) minimums.
For more information on minimum withdrawals, see
IRS Publication 590.

Also now adds 10% withdrawal penalty for before 59 1/2.

Since the mortgage calcuator is so popular, I put together a form that
does another calculation I find important, finding out how much to put
away tax deferred to get a certain amount of money in the future, and
how much you could expect to draw out of that money. Just put in some
numbers to see what I am talking about!

by Hugh Chou