← Back to Toolkit
Team Cocco Financial Planning

Income Replacement Calculator

How much capital do you need to replace your income? Build a sustainable withdrawal plan.

💼 Income Needs

Typically 70-90% of current income
How long must income continue?

📊 Other Income Sources

🎯 Financial Parameters

Expected return on replacement fund
Already saved toward this goal
Amount to leave at end (0 = spend it all)
Traditional: 4%. Conservative: 3-3.5%
Total Capital Needed for Income Replacement
$0
Annual Income Gap
$0
Monthly Withdrawal
$0
Additional Needed
$0
Using SWR Method
$0

Income Need

Gross income needed
Replacement %
Annual need (pre-tax)
Tax gross-up
Total annual need

Income Sources

Social Security
Pension
Other income
Total sources
Annual gap

📈 Fund Depletion Over Time

💡 Safe Withdrawal Rate (SWR) Comparison

PV Annuity Method: Capital = Gap × [(1 − (1+r')⁻ⁿ) / r'] where r' = (return − inflation) / (1 + inflation) = real return
SWR Method: Capital = Annual Gap / Safe Withdrawal Rate
Key Perspective: Income replacement isn't just about retirement — it's about maintaining your family's lifestyle no matter what happens. A comprehensive approach ensures multiple income streams: earned, passive, and protected (through insurance).
Team Cocco Financial Planning · Largo, FL