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SECU MD Retirement Calculator

Are you on track for a comfortable retirement in Maryland? Estimate your future savings and see if you're meeting your goals with our easy-to-use planner.

Your Profile

Includes employer match.

Your Retirement Outlook

Projected Savings at Age 67 $0.00
Total Contributions $0.00
Total Interest Earned $0.00

Retiring in the Old Line State

For Maryland state employees and SECU MD members, retirement planning involves a unique mix of state pension benefits and personal savings. Whether you are aiming for a quiet life in Annapolis or an active retirement near Deep Creek Lake, this calculator helps you determine if your "MSRP" and personal savings are enough to bridge the gap.

The "MSRP" Connection

Most of our members are familiar with the Maryland Supplemental Retirement Plans (MSRP). While this calculator estimates your total nest egg, remember that for state employees, this savings bucket works alongside your Core Pension.

  • 457(b): The most common plan for Maryland state employees.
  • 401(k) / 403(b): Additional tax-deferred options.
  • Roth: Post-tax contributions for tax-free growth.

Maryland Tax Reality Check

Unlike some states, Maryland does tax retirement income, though there are exemptions for pension income (the "Pension Exclusion").

Note: Withdrawals from your traditional IRA or 401(k) are generally fully taxable as ordinary income in Maryland. Using a Roth IRA (via SECU MD) can be a strategic way to lower your future tax bill.

SECU MD Retirement FAQ

Can I contribute to both a 457(b) and an IRA?

Yes! In fact, this is a powerful strategy. You can max out your workplace 457(b) and also contribute to a SECU MD IRA, essentially doubling your tax-advantaged savings space.

What is a "Catch-Up" contribution?

If you are age 50 or older, the IRS allows you to save substantial extra amounts in your IRAs and workplace plans. This is crucial for anyone who started saving later in life.

Is Social Security taxable in MD?

Good news: Maryland does not tax Social Security benefits. This calculator focuses on your personal portfolio, which serves as income on top of that tax-free benefit.