Retirement Budget Calculator
Plan your retirement with confidence. Estimate 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 funds.
Percentage of your annual salary contributed to retirement accounts each year.
Average annual inflation rate used to adjust future expenses.
Annual cost-of-living adjustment for Social Security benefits (historical avg ~2.5%).
Simple Process
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 Projection
Receive a clear breakdown of your retirement readiness including savings longevity, RMD schedule, tax analysis, and withdrawal strategies.
All-In-One Tool
Everything You Need for Retirement Planning
Our free retirement planning calculator covers every aspect of your financial future — from estimating 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