Planner
Financial tools · 2025 tax brackets
Assumptions
Tax settings
Filing status
State
State income tax 6.0%

Federal tax (2026 brackets, standard deduction) is combined with state rate for total burden. Up to 85% of SS income may be federally taxable.

Social Security
Claiming age 70 late
Monthly benefit at 67 $2.5K/mo
Benefit reduction ? SS trust funds projected to deplete ~2033–2035. After that, payroll taxes alone could cover ~75–80% of scheduled benefits. Use this to model a partial cut — 20–25% is the consensus stress-test range. 0%
Adjusted annual benefit $36,000/yr
Retirement
Current age 35
Retirement age 55
Income (pre-tax) $0
Plan to age 90
Annual expenses (post-tax)
Rent $18,000
Healthcare $9,000
Other expenses $18,000
Total annual spending $45,000/yr
Portfolio
Starting portfolio $1.25M
Investment return 5.5%
Inflation rate 3.0%
Inheritance age Age 70
Inheritance amount $750K
Projections
Portfolio depleted at age
—
Gross withdrawal needed
—
to net target spending
Real withdrawal rate
—
Accumulation Drawdown SS kicks in Depleted 1yr expenses
Income sources over time
Spending from portfolio Social Security Income Tax

SS benefit adjusted from age-67 baseline: −30% at 62, −6.7%/yr before 67, +8%/yr after 67 up to 70. Up to 85% of SS may be taxable. Income assumed to stop at SS claiming age. Estimate only — consult a financial advisor.