Ask an Advisor: I Have $800k Saved and $5,270 Monthly Income. What Will I Owe in Retirement Taxes?

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. My monthly Social Security is $3,178, my pension will be $2,090 per month and my 401(k) has $800,000. If I use the 4% rule, where do I stand tax-wise? – Reggie This is a great question. I hope it goes without saying, but without having all of your information and completing a full tax return I can’t give you an exact number. What we discuss here will cover the major items to help you estimate a rough ballp ...