Originally Posted by urn2bfree
So how do you figure taxes...that seems trickier...
Most users assume they'll be in the 15% federal income tax bracket and whatever state/county/city/local brackets seem appropriate.
You could take your retirement spending budget and apply any deductions and the exemptions before checking the tax tables, or you could use the tax-estimator feature of a variety of tax software programs. The tax software generally does a better job with interest, qualified/unqualified dividends, cap gains, and tax-free income. Of course you won't be worrying about W-2 income...
The good news is that most ERs see a huge drop in taxes compared to their working years.