FIRA PLAN
Financial Independence Retire Anytime
⏱️ Timeline & Spending
💵 Account Balances
% / yr
Liquid Asset Distribution
Year-by-Year Drawdown Simulator — click a row for details · optimized for lowest tax & max benefits
⚙️ Inflation Assumption — applied to spending in every year below (growth is set per-account above)
Age
Target Spend
Sources Applied
Est. Tax
Effective %
Remaining
Tax Risk
Medicare
🪣 Cash Reserve / Bucket Strategy
Keep near-term spending in cash & bonds so a market downturn never forces you to sell stocks at a loss. Sized from your accounts above, your retirement age, and the risk profile set below.
🔄 Roth Conversion Planner
Uses each Traditional IRA account's own Est. Growth rate, set above
%
| Age | Year | Suggested Conversion | Cumulative Converted | Remaining Traditional |
|---|
Why This Window
- Between retirement and age 73 (when RMDs begin), your taxable income often drops — this is the cheapest window to convert Traditional IRA dollars to Roth.
- Converting fills your current tax bracket voluntarily, at rates you control, instead of being forced into higher brackets by RMDs later.
- Once Social Security and RMDs both start, taxable income rises again — so front-loading conversions in the gap years locks in the lowest lifetime tax rate on that money.
- If you plan to claim Social Security before 73, converting early in the gap (before benefits start) avoids stacking conversion income on top of taxable benefits.
🏥 Medicare (IRMAA) Optimizer
| MAGI Range (Age 63) | Est. Part B Premium |
|---|
Why Age 63 Matters
- Medicare enrollment begins at 65, but your Part B/D premium is set using MAGI from 2 years earlier — age 63 for most people.
- Figures above are illustrative 2025-style brackets and adjust annually — verify current thresholds at Medicare.gov before finalizing.
- Roth conversions counted as income in your age-63 tax year can push you into a higher IRMAA bracket — consider shifting a larger share of conversions to earlier gap years instead.
- A one-time large capital gain, RMD, or Roth conversion at age 63 can trigger a surcharge lasting the entire following year — smoothing income across gap years helps avoid this.
🏛️ Social Security Optimization
| Claim Age | % of FRA Benefit | Est. Monthly | Est. Annual |
|---|
How to Maximize Your Benefit
- Work at least 35 years — Social Security averages your highest 35 years of indexed earnings; any missing years count as zero and drag your benefit down.
- Delay past Full Retirement Age (67) — benefits grow roughly 8% per year up to age 70, a guaranteed increase no market investment can reliably match.
- If you claim before FRA and keep working, the earnings test withholds $1 of benefits for every $2 you earn above the annual limit.
- Married couples: the lower earner can claim earlier while the higher earner delays to 70, which maximizes the survivor benefit.
- One additional high-earning year late in your career can replace a low or zero-earning year in your 35-year average.
- Up to 85% of benefits can be taxable — sequencing Roth conversions in your gap years (before claiming) can lower your future taxable income.
© 2026 K.L. All rights reserved.
This tool is provided for educational and informational purposes only. It does not constitute financial, tax, or legal advice, and no advisor-client relationship is created by its use. Calculations rely on simplified assumptions and may not reflect current tax law, rates, or your personal circumstances. Consult a licensed financial, tax, or legal professional before making any decisions. No warranty is made as to the accuracy or completeness of any output — use at your own risk.
This tool is provided for educational and informational purposes only. It does not constitute financial, tax, or legal advice, and no advisor-client relationship is created by its use. Calculations rely on simplified assumptions and may not reflect current tax law, rates, or your personal circumstances. Consult a licensed financial, tax, or legal professional before making any decisions. No warranty is made as to the accuracy or completeness of any output — use at your own risk.