Retirement Income Calculator

1. Enter Current age, Planned retirement age, and Plan to age (life expectancy).
2. Enter Current retirement savings ($) and Annual contribution until retirement ($).
3. Enter Expected annual return before retirement (%), Expected annual return during retirement (%), and Expected annual inflation (%).
4. Enter the desired retirement spending target in current dollars.
5. Click Calculate to display the projection.
6. Review the tables, then click Copy result or Download result (.txt).

How retirement income is calculated

Before retirement, the balance compounds once per year. Annual contribution until retirement ($) is added at the end of each year. During retirement, the calculator raises spending by Expected annual inflation (%), subtracts that year's amount at the start of the year, and applies Expected annual return during retirement (%) to the remaining balance.

Sustainable annual income (today's $) uses the projected retirement balance, the inflation-adjusted return, and the years between Planned retirement age and Plan to age (life expectancy). The desired spending target is tested in a separate year-by-year simulation.

Using the example values in the fields gives this result:

Inputs: age 35, retire at 65, plan to age 90
Savings $80,000, annual contribution $12,000
Returns 7% before retirement, 5% during retirement, inflation 3%
Desired spending $50,000

Projected balance at retirement: $1,742,509.84
Sustainable annual income (today's $): $36,519.71
Estimated depletion age at desired spending: 82

What the retirement projection shows

The result cards show Projected balance at retirement, Sustainable annual income (today's $), Desired annual spending (today's $), and either Surplus (today's $/yr) or Shortfall (today's $/yr). The outcome reports whether savings last through the planning age or the estimated age when the balance reaches zero.

The accumulation table lists Age, Years from now, and Projected balance. The retirement table lists Age, Annual spending (nominal), and Balance after withdrawal & growth. Its first row uses the age one year after Planned retirement age because the row records that year's withdrawal and growth. The page displays up to 40 accumulation rows and 60 retirement rows.

Questions the projection can test

• Compare Planned retirement age with Current retirement savings ($), Annual contribution until retirement ($), and the desired spending target.
• Change an age, contribution, return, or inflation input and inspect the resulting balance schedule.
• Set a spending target and Plan to age (life expectancy) to see the withdrawal path and estimated depletion age.

Related financial calculators

The Financial Calculators category groups other planning tools. The FIRE Calculator calculates a financial-independence target and estimated FI year and includes a Safe withdrawal rate (%) input. The Savings & Retirement Calculator combines savings goals, emergency-fund planning, FIRE-style independence, and retirement withdrawals. Use the Compound Interest Calculator when you need return growth without retirement spending.

Validation, limits, and scope

Enter ages within these ranges: Current age 18–90, Planned retirement age 30–100, and Plan to age (life expectancy) 35–115. Planned retirement age must exceed current age, and plan-to age must exceed planned retirement age.

Current retirement savings ($), Annual contribution until retirement ($), and desired spending accept values up to 1e12. Annual contribution is required; desired spending must be greater than 0. Both return fields accept 0–30%, and inflation accepts 0–15%. Errors appear in the error area and hide the result.

Privacy

Calculations stay in your browser. The page script uses the figures you enter and makes no request for market rates, account balances, or other external financial data.

Frequently Asked Questions