Retirement

Retirement Calculator

Model retirement funding from current age through retirement and life expectancy. Compare projected savings and contributions with inflation-adjusted income needs, Social Security, other retirement income, expected investment returns, and planned withdrawals.

Current Age

years

Planned Retirement

years

Life Expectancy

79 in U.S. on average

Expected Social Security Income

$ per month

Other Income After Retirement

$ per month

Average Investment Return

Inflation Rate (Annual)

Your Current Income

$ per year

Income Needed After Retirement

Your current retirement savings

Future retirement savings

Current Age

years

Planned Retirement

years

Amount Needed at the Retirement Age

Your Retirement Savings Now

Average Investment Return

Current Age

years

Planned Retirement

years

Life Expectancy

79 in U.S. on average

Your Retirement Savings Now

Annual Contribution

Monthly Contribution

Average Investment Return

Inflation Rate (Annual)

The Amount You Have

You Plan to Withdraw

$ per month

Average Investment Return

There was an error with your calculation.

Result

$553,407 at Age 65

Savings Needed at 65: $1,516,653

Equivalent Purchase Power Now: $624,841

Lifestyle after Retirement: $55,198

You will have

You will need

MONTHLY INCOME AFTER RETIREMENT (IF SAVED $553,407):
	ACTUAL AMOUNT	TODAY'S MONEY
Total	$4,600	$1,895
From Savings	$3,100	$1,277
From Social Security	$1,200	$494
From Other Income	$300	$124

MONTHLY INCOME AFTER RETIREMENT (IF SAVED $1,516,653):
	ACTUAL AMOUNT	TODAY'S MONEY
Total	$9,911	$4,083
From Savings	$8,411	$3,465
From Social Security	$1,200	$494
From Other Income	$300	$124

IF YOU SAVE EVERY MONTH UNTIL 65
Amount to Save Every Month	$644.11
Total Principal	$261,880.23
Total Interest	$538,119.77
IF YOU SAVE EVERY YEAR UNTIL 65
Amount to Save Every Year	$7,939.66
Total Principal	$268,189.86
Total Interest	$531,810.14
IF YOU HAVE IT NOW
Additional Amount Needed	$109,288.10
Total Principal	$139,288.10
Total Interest	$660,711.90

Result
Balance at the retirement age of 65	$646,653.85
Equivalent to current purchase power of	$266,412.83
The amount you can withdraw monthly at 65 and increase 3% annually	$3,573.24
Equivalent to current purchase power of	$1,472.13
The amount you can withdraw monthly from 65 to 85	$4,573.73
At age 65, equivalent to current purchase power of	$1,884.32
At age 85, equivalent to current purchase power of	$1,043.30

Result

If withdraw $5,000 per month, $600,000 can last 15 years and 0.7 months.

WITHDRAW LENGTH	WITHDRAW AMOUNT
5 years	$11,555.39/month
10 years	$6,613.44/month
15 years	$5,011.76/month
20 years	$4,243.75/month
25 years	$3,807.73/month
30 years	$3,536.22/month
35 years	$3,357.34/month

Input parameters

Current Age: Your age at the start of the projection.
Planned Retirement: The age at which retirement begins.
Life Expectancy: The age through which retirement income is modeled.
Expected Social Security Income: Estimated annual Social Security benefit.
Other Income After Retirement: Other expected annual retirement income.
Average Investment Return: Expected average annual portfolio return.
Inflation Rate (Annual): Expected yearly increase in living costs.
Your Current Income: Current annual earned income.
Income Needed After Retirement: Share of current income desired in retirement.
Your current retirement savings: Savings already accumulated.
Annual Contribution: The amount added to the account each year.
Monthly Contribution: The amount added to the account each month.

Understanding the results

Amount needed: Estimated savings required at retirement.
Projected savings: Future value of current savings and contributions.
Shortfall or surplus: Difference between projected savings and the estimated need.

Calculation principle

The tool projects savings to retirement, estimates inflation-adjusted retirement spending, and discounts the retirement income stream using expected returns.

Read and validate the entered values.
Convert percentages and time periods into compatible units.
Apply the formulas below and present the calculated results.

Formulas

Future savings FV = Current savings × (1 + r)^n + FV(contributions)

Required retirement fund Fund = PV(required income stream − other income)

Symbols refer to the corresponding input and result labels shown above.

How to use this calculator

Enter your figures, choose any available options, and select Calculate. You can change the inputs as often as you like to compare scenarios.

Planning note

Results are estimates for education and planning. Taxes, lender rules, fees, and investment returns can vary, so verify important decisions with a qualified professional.

Input parameters

Understanding the results

Calculation principle

Formulas

How to use this calculator

Planning note

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