Step 7 of 10

Step 7: Annual Income Statement

See how your income splits between taxable and non-taxable sources, and how much remains after estimated taxes.

State Effective Rate: 0.0% Federal Estimate: Simplified 2026 Brackets
Description Annual Amount
Taxable Income
Social Security — Taxable Portion (85%) $0
Pension & Fixed Income $0
Qualified Plan Withdrawals (401k / Traditional IRA) $0
Subtotal — Taxable Income $0
Non-Taxable Income
Social Security — Non-Taxable Portion (15%) $0
Non-Qualified Plan Withdrawals (Roth / Brokerage / Savings) $0
Subtotal — Non-Taxable Income $0
Total Gross Income $0
Estimated Federal Income Tax  (on taxable income only) −$0
Estimated State Tax — TX  (0.0% on taxable income only) −$0
Total Net Annual Income $0

Gross Monthly Income

$0

per month before taxes

Net Monthly Income

$0

per month after estimated taxes

Based on inflation, your monthly requirement will increase. Please look at the next page to see how your monthly income will vary over time and the impact on total asset and account balances.

These values are projections based on 2026 tax estimates and are not intended as tax advice. Federal estimate uses simplified brackets (10% / 12% / 22%) applied to taxable income only. The 85% Social Security taxable estimate is an approximation — actual taxability depends on provisional income. State rates are estimated effective rates and do not account for state-specific deductions or filing status adjustments.

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