Retirement Income Calculator

This calculator runs one simple projection. It grows what you have saved, then asks how much of it you could draw each month.

The math behind the result

Why the inputs matter

Two inputs move the result far more than the others. The years between now and retirement, and your monthly contribution. Time lets growth compound. Contributions raise the base that growth works on. Pushing your retirement date back changes both at once.

What a steady growth rate hides

The projection grows your balance by the same amount every year. Real markets do not behave that way. They rise, they fall, and the order of those years matters.

A sharp drop early in retirement hurts far more than the same drop later. You are selling assets to live on while they are down. Planners call that sequence risk, and no single number on this page can show it.

What the projection cannot know

• Real markets do not grow by the same amount every year.
• Inflation will change what that monthly income actually buys.
• Social Security, pensions, and home equity are not counted here.
• Taxes are ignored, and they can take a real bite.
• Health and long term care costs are the wild card in most plans.

One more gap often goes unnoticed. If you retire before 65, you need health coverage until Medicare starts. That bridge can cost more than people expect, and the tool does not account for it at all.

What to do next

Then read our retirement income planning notes and the page on long term care. If the tool shows a surplus, ask how that changes your life insurance picture.

A licensed agent can show where an annuity might fit, and where it would not. Product availability and features vary by carrier and can change. No projection here is a promise about your future income.