Accumulation phase
Current savings and monthly contributions grow until the planned retirement age using the selected pre-retirement return.
Advanced Retirement Planning Tool
Retirement Income Calculator for savings, benefits, and monthly income.
Project savings at retirement, estimate monthly income from investments and guaranteed sources, and compare the result with your desired retirement budget.
Build your retirement scenario
Enter your planning assumptions
Use conservative estimates and revisit the calculation as savings, benefits, and expenses change.
What this calculator includes
More than a savings total.
The projection combines savings growth, future contributions, estimated income from investments, Social Security, pensions, other income, inflation, and the number of years the retirement portfolio may need to support.
Income phase
The retirement balance is converted into an estimated level monthly payment over the modeled retirement period using the selected retirement return.
Income gap
The estimated portfolio income and recurring income sources are compared with the desired monthly income after inflation.
Helpful retirement planning products
Turn the estimate into an organized plan.
These products can help organize information and track decisions. They do not replace personalized financial, tax, legal, or investment advice.
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Retirement Planning Workbooks
Record goals, accounts, benefit estimates, expenses, and questions for future reviews.
Browse Planning WorkbooksFinancial Document Organizers
Keep copies and summaries of account, insurance, estate, and emergency information together.
See Document OrganizersRetirement Budget Planners
Compare expected income with housing, healthcare, transportation, travel, and everyday expenses.
Shop Budget PlannersProjection schedule
See how the portfolio may change.
The table shows selected years from the projection. It is generated from the calculator assumptions and is not a forecast of actual returns.
| Age | Phase | Estimated balance | Annual contribution / withdrawal |
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Common questions
Retirement income calculator questions.
How does this calculator estimate retirement income?+
It first projects current savings and monthly contributions to retirement using compound growth. It then estimates a level monthly payment from the retirement balance over the selected retirement period and adds Social Security, pension, and other recurring income.
Should Social Security be entered in today's dollars?+
Use a personalized estimate from the Social Security Administration when available. This calculator treats the entered amount as monthly income beginning at retirement and separately inflates the desired income goal.
Does the result include taxes or investment fees?+
No. The calculator does not estimate federal or state taxes, account-specific tax treatment, advisory fees, fund expenses, Medicare premiums, or required minimum distributions.
What investment return should I use?+
Use a conservative planning assumption that reflects the type of portfolio being modeled. Returns are uncertain and can vary considerably from year to year. Testing several lower-return scenarios can reveal how sensitive the plan may be.
Why is inflation included?+
Inflation reduces purchasing power. The calculator increases the desired monthly income to show approximately what the entered goal may equal at the planned retirement age under the selected inflation assumption.
Does this replace a retirement plan from a professional?+
No. It is an educational scenario tool. A professional can consider taxes, account types, survivor needs, healthcare, long-term care, market sequence risk, estate goals, and other personal factors not modeled here.
Financial disclaimer: This calculator provides hypothetical estimates for educational purposes. It does not provide financial, investment, tax, legal, insurance, or Social Security advice. Results are not guaranteed and may differ substantially from actual outcomes. Review official benefit estimates and consider qualified professional guidance before making retirement decisions.