How this calculator works for Florida residents

Florida's no state income tax attracts many retirees. This Ramsey calculator helps Floridians in Miami, Orlando, Tampa, Jacksonville, and Naples project retirement with the 15% rule and 8% withdrawal rate.

Key features for Florida planning

• 15% Contribution Rule — Invest 15% of gross household income into retirement accounts, following Baby Step 4.
• 8% Withdrawal Rate — Withdraw up to 8% of your nest egg annually based on Ramsey's growth portfolio assumptions.
• Pension & Social Security — Subtract expected pension and Social Security income from your monthly retirement need.
• Couples Mode — Combine both spouses' incomes, ages, and savings into one household projection.
• Employer Match — Include matching contributions from your workplace retirement plan.