Retirement Calculators
Use our retirement calculators to find out how much you need to save to have a secure retirement.
You've made it to retirement, or perhaps you're just counting down the days until you retire. You've got money put away but need to know how long it will last. Use the MidFirst Bank Retirement Calculator to project when your retirement savings may be depleted given a specified monthly income.
A 401(k) can be one of the best tools for creating a secure retirement. Use the MidFirst Bank 401(k) Calculator to project how your employer's 401(k) match contributions change the amount of savings at retirement age.
Contributions to a Traditional 401(k) plan are made on a pre-tax basis, resulting in a lower tax bill and higher take-home pay. Contributions made to a Roth 401(k) are made on an after-tax basis, which means that taxes are paid on the amount contributed in the current year. Use the MidFirst Bank Traditional 401(k) vs Roth 401(k) Calculator to help you analyze your net benefit between a Traditional 401(k) and a Roth 401(k).
What monthly income will your retirement savings provide? Use the MidFirst Bank Retirement Income Estimator Calculator to determine the number of years you'll need your retirement savings to last, the expected rate of return on your outstanding savings balance and the rate at which withdrawals from your savings account will be taxed, which will all be determining factors.
Spending money today has a retirement price tag on it. What you fail to put away today for your retirement will impact how much you have available to you when you're ready to retire. That price tag will depend on how many years you are away from retirement and the rate of return you could receive on those funds over the savings period. Use the MidFirst Bank Spend It or Invest in an IRA Calculator to help you determine the value of your IRA at retirement.
The Social Security benefits you (and a spouse) will receive at retirement can be estimated based on your average annual income, your current age and your age when you retire. Use the MidFirst Bank Estimate Social Security Benefits Calculator to estimate your monthly Social Security benefits.
MidFirst Bank's Save for Retirement Calculator will help you determine how much you need to save for your retirement based on your retirement plans and retirement assets.