Find Your Ideal Retirement Age
Our Retirement Age Calculator helps you determine the best age to retire based on your financial situation, desired lifestyle, and retirement goals.
Retirement Age Calculator
Your Optimal Retirement Age
Example Calculations
$500,000 savings, $10,000 contribution, age 40, expect 85, 5% return, 2% inflation, $20,000 Social Security, $60,000 desired income, no part-time work, good health
Recommended Retirement Age: ~65
Savings at Retirement: ~$1,200,000
Total Annual Income: ~$48,500
Income Gap: ~-$11,500
Savings Duration: ~20 years
$1,000,000 savings, $0 contribution, age 50, expect 90, 4% return, 2.5% inflation, $30,000 Social Security, $15,000 pension, $80,000 desired income, $20,000 part-time, excellent health
Recommended Retirement Age: ~62
Savings at Retirement: ~$1,600,000
Total Annual Income: ~$87,000
Income Gap: ~$7,000
Savings Duration: ~28 years
How to Use the Retirement Age Calculator
Our free Retirement Age Calculator helps you find the optimal age to retire based on your financial and personal circumstances. Here’s how to use it:
- Current Savings: Enter your total retirement savings (required)
- Annual Contribution: Enter annual savings contributions until retirement (optional)
- Current Age: Enter your current age (required)
- Life Expectancy: Enter your expected life expectancy (required)
- Expected Annual Return: Enter your estimated investment return rate (required, default 5%)
- Expected Inflation Rate: Enter the expected inflation rate (required, default 2%)
- Social Security: Enter expected annual Social Security benefits (optional)
- Pension Income: Enter expected annual pension income (optional)
- Desired Income: Enter your desired annual income in retirement (required)
- Willingness to Work Part-Time: Select if you’re open to part-time work in retirement (required)
- Health Status: Select your current health status to adjust life expectancy and costs (required)
The calculator estimates the best retirement age to meet your income needs while considering your savings, health, and work preferences.
Why Calculate Your Retirement Age?
Determining the right retirement age helps you:
- Balance financial security with lifestyle goals
- Plan for healthcare costs and life expectancy
- Decide if part-time work can help you retire earlier
- Adjust savings or expenses to retire comfortably
Frequently Asked Questions
Yes, our calculator is completely free to use with no registration required.
Health status adjusts life expectancy and potential healthcare costs, influencing the recommended retirement age.
Yes, part-time income can reduce the savings needed, potentially allowing you to retire earlier.
Note: This calculator provides estimates only. Investment returns, inflation rates, and health outcomes are not guaranteed. Consult a financial advisor for personalized retirement planning advice.