Dentist Retirement Calculator
Plan your retirement accounting for practice sale value, student loan debt, high income with late career start, practice overhead transition, and dentist-specific retirement vehicles like SEP IRAs, defined benefit plans, and cash balance plans.
Personal Information
Practice Income & Value
Student Loan Debt
Retirement Savings
Insurance & Practice Costs
Dentist Retirement Readiness Score
You are well on track for a comfortable retirement. Your savings rate, practice value, and debt management position you strongly.
Total Retirement Assets
$5,910,786
Monthly Income
$24,503
Total Retirement Assets
$5,910,786
including practice sale
Monthly Retirement Income
$24,503
from all sources
Income Replacement Rate
154%
of current net income
Years Until Debt-Free
10 years
student loan payoff
Wealth Accumulation Over Time
Practice value, retirement savings, and debt payoff through retirement
Retirement Income Sources
Where your retirement income will come from
Total
$294,031
Investment Withdrawals
72%$210,637/yr
Practice Sale Income
9%$25,794/yr
Social Security
11%$33,600/yr
Consulting Income
8%$24,000/yr
Annual Retirement Income by Contribution Strategy
Compare retirement outcomes at different contribution levels
Year-by-Year Projection
Detailed breakdown of wealth accumulation through retirement
| Year | Age | Retirement Savings | Practice Value | Loan Balance | Net Wealth | Net Income |
|---|---|---|---|---|---|---|
| 1 | 38 | $434,500 | $669,500 | $259,251 | $844,749 | $106,571 |
| 6 | 43 | $954,453 | $776,134 | $133,433 | $1,597,154 | $136,896 |
| 11 | 48 | $1,683,714 | $899,752 | Paid off | $2,583,466 | $211,002 |
| 16 | 53 | $2,706,541 | $1,043,059 | Paid off | $3,749,600 | $251,757 |
| 21 | 58 | $4,141,107 | $1,088,272 | Paid off | $5,229,379 | $299,004 |
| 24 | 61 | $5,265,929 | $758,655 | Paid off | $6,024,584 | $320,691 |
Personalized Insights
Actionable recommendations based on your numbers
Projected retirement assets: $5,910,786
By age 62, your combined retirement savings and practice sale proceeds are projected to reach $5,910,786. This generates an estimated $24,503/month in retirement income, replacing 154% of your current net income.
Practice sale could generate $644,857 after costs
Your practice is projected to be worth approximately $758,655 at retirement. After 15% in broker fees, legal costs, and transition expenses, you would net approximately $644,857. Starting a 3-year transition plan with an associate buy-in can maximize this value.
Student loans: 10 years to payoff
Your $280,000 in dental school debt delays your wealth-building potential. Every dollar going to loan payments is a dollar not growing tax-deferred in retirement accounts. Consider refinancing at a lower rate or using income-driven repayment to free up cash for retirement contributions.
Your retirement contributions are below recommended levels
You are contributing $60,000/year (7.5% of collections). Dentist practice owners can shelter $60K-$200K+ annually using a combination of 401(k), SEP IRA, defined benefit, and cash balance plans. Increasing contributions significantly reduces your tax burden while accelerating retirement savings.
Strong income replacement rate of 154%
Your projected retirement income covers the recommended 70-85% of your current net income. This provides a comfortable cushion for healthcare costs, travel, and unexpected expenses in retirement.
Tax diversification is critical for high-income dentists
At a 32% marginal rate, every dollar in tax-deferred accounts saves you $0.32 today. However, also consider Roth conversions in lower-income years, backdoor Roth IRA contributions, and taxable brokerage accounts for tax diversification in retirement. A mix of pre-tax and post-tax accounts gives you flexibility to manage your tax bracket in retirement.
Start your practice transition plan early
Your 3-year transition with a 5-year associate buy-in timeline needs careful planning. Begin building an associate relationship and documenting systems 5-7 years before your target retirement. Practices with a smooth transition plan and established associate sell for 10-20% more than abrupt sales.