Retirement Budget Calculator

Plan your retirement with confidence using the Retirement Budget Calculator. Estimate your future savings, income, expenses, and taxes to ensure financial security throughout your retirement years. Get insights on how long your savings will last and strategies to maximize your retirement funds.

Personal & Retirement Details

Provide your current age, expected retirement age, and life expectancy to help us calculate how long your savings need to last. These details form the foundation of your retirement plan.

Date of Birth

Expected Retirement Age:

62 years

Life Expectancy:

85 years

Average Annual Salary:

$75,000 / years

Retirement Savings Accounts

Enter your current savings and retirement accounts, such as 401(k) or IRA. This helps estimate your future financial growth and how long your savings will last.

401(k) Balance:

IRA Balance:

Roth IRA Balance:

HSA Balance:

Savings Account Balance:

0.5%

Other Savings:

Investments & Growth

Include any additional investment accounts and your expected annual return rate. This section helps project your total retirement savings, factoring in market growth.

Brokerage Account:

Real Estate Investments:

2.5%

CDs (Certificates of Deposit):

Bonds:

Commodities:

Cryptocurrency:

10%

Other Investments:

Income Sources in Retirement

List your expected monthly income sources during retirement, including Social Security, pensions, rental income, dividends, or part-time work. These will help determine your total available funds.

Social Security Income:

Pension Income:

Rental Property Income:

Dividends/Investment Income:

Part-Time / Side Business Income:

Other Income Sources:

Monthly Living Expenses

Estimate your monthly expenses in retirement, such as housing, healthcare, food, transportation, entertainment, and other personal costs. Knowing your expected spending helps assess whether your income will cover your needs.

Housing:

Healthcare:

Food & Groceries:

Transportation:

Entertainment & Leisure :

Debt Payments:

Miscellaneous Expenses:

Emergency Fund Allocation:

Taxes & Withdrawal Planning

Understand how taxes will impact your withdrawals from retirement accounts and learn how to optimize your withdrawals using a safe withdrawal rate. Proper tax planning ensures your savings last longer.

State of Residence:

Taxable vs. Non-Taxable Income:

Required Minimum Distributions:

Calculate

How the Retirement Budget Planner Works

Enter Your Details

Provide your age, expected retirement age, life expectancy, and current salary to set the foundation for your retirement plan.

Add Savings & Investments

Input your retirement accounts (401k, IRA, Roth IRA, HSA) and investments (brokerage, real estate, bonds, and more) with growth rates.

Estimate Income & Expenses

Add your expected retirement income sources and monthly living expenses including housing, healthcare, and entertainment.

Get Your Retirement Projection

Receive a clear breakdown of your retirement readiness including savings longevity, RMD schedule, tax analysis, and withdrawal strategies.

Everything You Need for Retirement Planning

Our free retirement planning calculator covers every aspect of your financial future — from estimating retirement expenses to projecting savings growth and optimizing withdrawal strategies.

Retirement Savings Calculator

Track your 401(k), IRA, Roth IRA, HSA, and other savings accounts. See how your contributions grow over time with customizable annual return rates.

Retirement Income Calculator

Estimate your monthly retirement income from Social Security, pensions, rental properties, dividends, part-time work, and other sources.

Retirement Expense Calculator

Plan for housing, healthcare, food, transportation, entertainment, and other monthly expenses. Understand exactly what retirement costs.

Retirement Tax Calculator

Calculate taxes on retirement withdrawals by state. Optimize your tax strategy across traditional and Roth accounts to keep more of your money.

Required Minimum Distribution Calculator

Automatically calculate your RMDs starting at age 73 using the latest IRS life expectancy tables. See your required withdrawals year by year.

Retirement Withdrawal Calculator

Model safe withdrawal rates and drawdown strategies. See how long your savings will last based on your spending and investment returns.

Am I on Track for Retirement?

Wondering how much you need to retire? The answer depends on your expected lifestyle, healthcare costs, where you live, and how long your retirement will last. Our realistic retirement calculator takes all of these factors into account to give you a personalized projection.

A common rule of thumb is the 4% safe withdrawal rate— withdrawing 4% of your savings annually to make them last 30 years. But everyone's situation is different. Our retirement drawdown calculator models your specific income sources, expenses, and tax situation to determine if your savings will last through retirement.

Unlike a simple retirement calculator, our tool factors in inflation, state-specific taxes, required minimum distributions, and multiple income streams. Whether you're estimating retirement expenses for the first time or fine-tuning an existing plan, this retirement budget planner gives you the clarity you need.

Ready to find out where you stand? Scroll up to use the calculator — it's free, instant, and requires no sign-up.

Required Minimum Distribution (RMD) Tables

Starting at age 73, the IRS requires you to take minimum withdrawals from your traditional 401(k) and IRA accounts. These required minimum distributions are calculated using IRS life expectancy factor tables. Failing to take your RMD can result in a 25% penalty on the amount not withdrawn.

Our calculator automatically computes your RMDs based on your account balances and the current IRS distribution period table. View the full RMD table and learn more.