Retirement Income Calculator

Retirement Income Calculator

This calculator estimates how long your retirement savings will last based on your forecast of retirement expenses and income.

This calculator is intended for use by those who are in or approaching retirement.

Enter data in the fields below and click the Calculate button to analyze your retirement income. (Note: All dollar entries are annual amounts except Social Security, which is monthly.)

Age at retirement

Years in retirement

Savings at retirement*

*Include both taxable and tax-exempt holdings

-- Expected rate of return

Total annual income desired during retirement*

*This is an estimate of your annual income needs during retirement

-- Expected inflation rate*

*If selected, will also adjust Social Security benefit

Additional annual household income at time of retirement, if any*

*Part-time employment, spouse's wages, etc.

-- Household income growth rate (positive or negative)

--Your age when additional household income ends

Social Security income per month*

*If you're not in pay status you can obtain an estimate of your future Social Security benefit by going to http://www.ssa.gov/OACT/quickcalc/index.html.

-- Age at which Social Security retirement benefits begin

Other annual income during retirement*

*Annuities, pensions, etc. Do not include RMDs if the IRA or employer plan balance is included in "savings at retirement"

-- Age at which other income begins

-- Age at which other income ends (if specified)

-- Adjust other income for inflation?

Lump sum*

*Inheritance, proceeds from sale of business or property, etc.

--Your age when lump sum will be received