Plan Your Retirement Income
Our Retirement Income Calculator helps you estimate how much income you can generate from your savings, including investments, pensions, and Social Security, to ensure a comfortable retirement.
Retirement Income Calculator
Your Retirement Income Estimate
Example Calculations
$500,000 savings, $10,000 contribution, retire at 65, age 40, expect 85, 5% return, 2% inflation, $20,000 Social Security, $60,000 desired income
Total Annual Income: ~$48,500
Income from Savings: ~$28,500
Income Gap: ~-$11,500
Savings at Retirement: ~$1,200,000
Savings Duration: ~20 years
$1,000,000 savings, $0 contribution, retire at 67, age 50, expect 90, 4% return, 2.5% inflation, $30,000 Social Security, $15,000 pension, $80,000 desired income
Total Annual Income: ~$67,000
Income from Savings: ~$22,000
Income Gap: ~-$13,000
Savings at Retirement: ~$1,800,000
Savings Duration: ~23 years
How to Use the Retirement Income Calculator
Our free Retirement Income Calculator estimates your retirement income from various sources. Here’s how to use it:
- Current Savings: Enter your total retirement savings (required)
- Annual Contribution: Enter annual savings contributions until retirement (optional)
- Retirement Age: Enter your planned retirement age (required)
- 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)
The calculator estimates your total income, savings duration, and any income gap or surplus.
Why Calculate Your Retirement Income?
Planning your retirement income helps you:
- Understand if your savings and income sources meet your needs
- Identify potential income gaps to adjust savings or expenses
- Account for inflation, investment returns, and other income sources
Frequently Asked Questions
Yes, our calculator is completely free to use with no registration required.
The calculator provides estimates based on your inputs. Actual results may vary due to market fluctuations, unexpected expenses, or changes in inflation.
We use the 4% safe withdrawal rate adjusted for inflation, combined with other income sources, to estimate sustainable income.
Note: This calculator provides estimates only. Investment returns and inflation rates are not guaranteed. Consult a financial advisor for personalized retirement planning advice.