How this calculator works for Texas residents

Texas's no state income tax and growing economy make retirement planning different. From Houston to Dallas, Austin to San Antonio, Texans can model Ramsey's 15% rule with this free calculator.

Key features for Texas 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.