Just checked Fidelity calculator and it does allow for tax deferred accounts. I assume (as I have yet to delve into the details) that they must apply RMD/taxes in their calculations...
Am I correct that there is no way to differentiate between aftertax and pretax funds within FireCalc? Or am I missing something?
Personally I think it's a mistake to try and use any retirement calculator to get to the "9th decimal" of accuracy.
I see these tools more as good, close estimators. If you're trying to figure out if you can retire or what your retirement income might be and pre- or after tax money is going to make the difference, then maybe you're cutting it too close.
I tend to run my numbers, assume that taxes are in there somewhere and then figure it out along the way.
YMMV
The Fidelity calculator does show a separate column for RMD withdrawals. There is also a separate section where you input various tax rates.
I agree that calculators are rough approximations and should be viewed as such.
However when you are looking at potential hefty six figure tax bill (on deferred investments) it is prudent to have a handle on exposure to Uncle Sam's taxman. So it makes sense to not simply lump all the funds together and be surprised in later years when tax bill comes due.
I go with the simpler method of estimating my taxes as one of my many expenses used in the budget.
Where is the Fidelity calculator?
https://www.fidelity.com/retirement...Bl7dYsoFDMCQJOauajYaAmBWEALw_wcB&gclsrc=aw.ds
you can sign up as a guest if not a client
One method that some people have used is to adjust the pre-tax accounts into post tax amounts... In other words - reduce the nest egg by the expected amount of taxes to be paid on the retirement accounts.
I go with the simpler method of estimating my taxes as one of my many expenses used in the budget.