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Retirement Income Gap Calculator: Find Out If You’ll Have Enough

Retirement Income Gap Calculator

Retirement Income Gap Calculator

See if your money will cover your spending in retirement. We compare your costs, Social Security, and any pension. Then we show the gap and how to close it.

Enter your information

Add all retirement accounts (401k, 403b, IRA, Roth, etc.). Don’t add pensions here. You’ll enter pensions below.
Include what you put in each month. If your job adds a match, include that here too.
Use the estimate on your Social Security statement if you have it.
If your pension grows each year, enter the yearly %.
Advanced settings (optional)
Average yearly increase (default 2.5%).
Used to turn savings into yearly income (default 5%).
We also use a 3% inflation by default across the tool.

Growth before retirement: if you are within 5 years, we use 5% a year. If you are 5+ years away, we use 9% a year. We compound once each year.

Your retirement gap results

Years to retire: —
What your current savings at retirement will be: —
How much you need saved at retirement: —
Savings shortfall at retirement: —
How much more you need to save per month to reach your income goal: —

Income vs spending (monthly at retirement)

Spending need at retirement:
Guaranteed income: (Social Security + pension, with COLA)
How much you will have at retirement with current savings:
Monthly income shortfall at retirement: —
0% covered

We adjust dollars for 3% inflation.

How to close the gap

Monthly savings needed to hit your goal: —
Money runs out at age: —

Your balance over time

Retirement balance over time Line chart showing savings at retirement and how it drops as income is taken out each year.

Chart assumes 5% growth after you retire and 3% inflation. Social Security and pension grow by your COLA settings.

Turn Your Results Into a Real Plan

Seeing how your money grows is the first step. The next step is building a strategy that fits your goals. Let’s map out your path together.

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