Retirement Income Calculator
Calculate sustainable inflation-adjusted monthly and annual income from your retirement savings over a specified payout period.
Results
What is it?
A retirement income calculator that determines how much you can withdraw each month from your savings over a set number of years, using the real (inflation-adjusted) rate of return so your purchasing power stays constant.
How to use
Enter your total retirement savings, the return rate you expect in retirement, how many years you plan to draw income, and the expected inflation rate. The calculator computes a level monthly income that depletes your savings over the specified period while maintaining purchasing power.
Example scenario
With $1,000,000 saved, 5% annual return, 3% inflation, and a 30-year retirement, your inflation-adjusted monthly income would be approximately $4,300.
Pro tip
The real rate of return is what actually matters. A 5% nominal return with 3% inflation gives you only about 1.94% real return — so resist the urge to use nominal returns when planning withdrawal rates.