LIFT

Use this calculator in conjunction with the LIFT fact finder and Gap Analysis to determine how you can achieve your desired net income and fill your retirement income gap in a tax-efficient manner.

Monthly desired net income

Retirement income gap

Amount of gap funded by tax-preferred assets:

$5,000

Amount of gap funded by tax-preferred assets:

$5,000

Total percent funded by taxable accounts:		75.00%
Percent of gap funded by tax-preferred accounts:		25.00%

Total percent funded by taxable accounts:

75.00%

Percent of gap funded by tax-preferred accounts:

25.00%

If income gap is funded:

Average tax bracket Marginal tax bracket

With your desired mix

$52,133

Total
annual taxes

17.85%

33.00%

With only taxable accounts

$81,685

Total
annual taxes

25.39%

33.00%

With only tax-preferred accounts

$28,783

Total
annual taxes

10.71%

25.00%

Calculations are using 2022 Married Filing Joint federal income tax rate tables.