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This information is provided for illustrative purposes only and is not intended to constitute legal, financial, or other advice. You should obtain personal advice from qualified professionals. If you are under 59 1/2 you may also be subject to a 10 early withdrawal penalty. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Withdrawing money from a qualified retirement plan, such as a Traditional IRA, 401 (k) or 403 (b) plan, among others, can create a sizable tax obligation. This information does not constitute an application, offer or commitment by Wells Fargo & Company, or a representation of interest rates, investment performance or any other future performance. Workers participating in defined contribution plans, like 401(k) plans or similar savings plans, are responsible for managing their retirement savings while. Your beneficiaries can inherit any remaining funds tax-free. You can take larger lump sums if you wish. The actual effects of your financial decisions may vary significantly from these estimates - so these estimates should not be regarded as predictions, advice, or recommendations. The advantages of drawdown are: You can increase (or decrease) your income whenever you like. This Retirement Drawdown Calculator will help you to get an idea of how long your portfolio will last after you retire. This is based on your retirement savings and your inflation adjusted withdrawals. The financial calculator results shown represent analysis and estimates based on the assumptions you have provided, but they do not reflect all relevant elements of your personal situation. Youve worked hard to accumulate your savings use our systematic withdrawal plan calculator to determine how long those funds will last given regular. Use this calculator to see how long your retirement savings will last.
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