Retirement Income Calculator
Map out every income source against your expected expenses to see if you'll have enough. Get a year-by-year view of income vs. spending throughout retirement.
Personal Details
Social Security
Pension & Savings
Other Income
Annual Expenses
Retirement Income Score
Your income covers most expenses, but there are gaps in some years. Consider adjustments.
Year 1 After-Tax Income
$29,750
Year 1 Expenses
$56,000
Year 1 After-Tax Income
$29,750
3 income sources
Year 1 Expenses
$56,000
3 categories
Year 1 Shortfall
$26,250
expenses exceed income
Savings Last Until
Age 90
through life expectancy
Income vs. Expenses Over Time
Year-by-year comparison of after-tax income against spending
Income Sources by Year
How each income source contributes over time
Income Sources
Where your retirement income comes from
Total
$78,376
Social Security
53%$41,604/yr
Savings Withdrawal
27%$21,013/yr
Part-Time Work
20%$15,759/yr
Expense Breakdown
Where your money goes
Total
$56,000
Essential Expenses
64%$36,000/yr
Discretionary
21%$12,000/yr
Healthcare
14%$8,000/yr
Savings Balance Over Time
How your retirement savings hold up through withdrawals
Year-by-Year Breakdown
Detailed income and expense projections
| Age | SS | Pension | Savings | Other | Income | Expenses | +/- |
|---|---|---|---|---|---|---|---|
| 65 | - | - | $20,000 | $15,000 | $29,750 | $56,000 | -$26,250 |
| 70 | $44,804 | - | $22,628 | - | $57,317 | $64,518 | -$7,201 |
| 75 | $50,691 | - | $25,602 | - | $64,849 | $74,475 | -$9,626 |
| 80 | $57,353 | - | $28,966 | - | $73,371 | $86,150 | -$12,779 |
| 85 | $64,889 | - | $32,772 | - | $83,012 | $99,879 | -$16,867 |
| 90 | $73,416 | - | $37,079 | - | $93,921 | $116,080 | -$22,159 |
Personalized Insights
Actionable recommendations based on your numbers
Year 1 shortfall: $26,250
Your expenses of $56,000 exceed after-tax income of $29,750. You'll need to draw down savings faster or reduce spending by $26,250/year.
Average annual shortfall of $12,087
Across your entire retirement, expenses exceed income by an average of $12,087/year. This accelerates savings depletion.
2-year gap before Social Security starts
You'll retire at 65 but Social Security doesn't start until 67. During those 2 years, you'll rely more heavily on savings and other income. Make sure your bridge strategy is solid.
Savings last through your lifetime
At a 4% withdrawal rate with 5% returns, your savings are projected to sustain withdrawals through age 90.
Healthcare costs could reach $21,226/year by age 85
At 5% healthcare inflation, your $8,000/year healthcare costs will more than double. Healthcare is often the fastest-growing expense in retirement.
Part-time income ends at age 70
Your $15,000/year part-time income provides a helpful bridge, but your income drops when it ends. Make sure other sources cover the gap after age 70.
Only 53% income replacement
Your income covers only 53% of your $56,000/year expenses. Consider increasing savings, delaying Social Security for a higher benefit, or reducing discretionary spending.
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