Retirement Income Analysis
Analyze whether your combined retirement income sources (savings, Social Security, pension) cover your monthly expenses and for how long.
Results
What is it?
A retirement income analysis tool that compares your monthly expenses against all your income sources — Social Security, pension, and investment withdrawals from savings — to identify any income gap and how long your savings can cover it.
How to use
Enter your retirement savings, monthly expenses, Social Security benefit, pension income, and the return you expect on savings. The calculator identifies your monthly shortfall and estimates how many years your savings can bridge the gap.
Example scenario
With $800,000 saved, $5,000/month expenses, $2,000 Social Security, and no pension at 4% return, you need $3,000/month from savings. Your nest egg would last roughly 32 years.
Pro tip
If your Social Security and pension fully cover expenses, the gap is zero and your savings essentially become a reserve fund. Consider a conservative allocation for that cushion rather than a growth portfolio.