Retirement Calculator
USAUS retirement planner: project your savings at retirement and income from withdrawals plus optional Social Security. Set your target income (dollar amount or % of current) and see if your projected balance meets the required amount.
Used for withdrawal period and required balance
e.g. 4% rule
Income at retirement
Social Security and drawdown indexed at 3%/year.
| Year | Start balance | Contribution | Growth | End balance |
|---|---|---|---|---|
| Start | $100,000 | $0 | $0 | $100,000 |
| 1 | $100,000 | $10,000 | $6,000 | $116,000 |
| 2 | $116,000 | $10,300 | $6,960 | $133,260 |
| 3 | $133,260 | $10,609 | $7,996 | $151,865 |
| 4 | $151,865 | $10,927 | $9,112 | $171,904 |
| 5 | $171,904 | $11,255 | $10,314 | $193,473 |
| 6 | $193,473 | $11,593 | $11,608 | $216,674 |
| 7 | $216,674 | $11,941 | $13,000 | $241,615 |
| 8 | $241,615 | $12,299 | $14,497 | $268,411 |
| 9 | $268,411 | $12,668 | $16,105 | $297,183 |
| 10 | $297,183 | $13,048 | $17,831 | $328,062 |
| 11 | $328,062 | $13,439 | $19,684 | $361,185 |
| 12 | $361,185 | $13,842 | $21,671 | $396,698 |
| 13 | $396,698 | $14,258 | $23,802 | $434,758 |
| 14 | $434,758 | $14,685 | $26,085 | $475,528 |
| 15 | $475,528 | $15,126 | $28,532 | $519,186 |
| 16 | $519,186 | $15,580 | $31,151 | $565,917 |
| 17 | $565,917 | $16,047 | $33,955 | $615,919 |
| 18 | $615,919 | $16,528 | $36,955 | $669,403 |
| 19 | $669,403 | $17,024 | $40,164 | $726,591 |
| 20 | $726,591 | $17,535 | $43,595 | $787,722 |
| 21 | $787,722 | $18,061 | $47,263 | $853,046 |
| 22 | $853,046 | $18,603 | $51,183 | $922,832 |
| 23 | $922,832 | $19,161 | $55,370 | $997,363 |
| 24 | $997,363 | $19,736 | $59,842 | $1,076,940 |
| 25 | $1,076,940 | $20,328 | $64,616 | $1,161,885 |
| 26 | $1,161,885 | $20,938 | $69,713 | $1,252,536 |
| 27 | $1,252,536 | $21,566 | $75,152 | $1,349,254 |
For illustration only. Projections depend on return and contribution assumptions. Social Security is an estimate based on your income and claiming age; use the SSA calculator for official estimates. This is not financial advice.
About this calculator
This US retirement calculator projects your savings at retirement and your income in drawdown. You enter current age, retirement age, savings, contributions, and a target income; we project growth to retirement and optionally include a Social Security estimate. You can see whether your projected balance meets the amount needed to fund your target income to life expectancy.
Use it to test different contribution levels, retirement ages, or target incomes. Optional settings include income increase, inflation (real dollars), and tax. Social Security is estimated from your income and claiming age; use our Social Security estimator or the SSA for official numbers. Results are for illustration only and do not constitute financial advice.
How this is calculated
Savings projection
Your balance at retirement is projected using compound growth: we grow your current savings and annual contributions at the expected return each year until retirement age. Same formula as our Investment Calculator.
Required balance and withdrawal period
Years in retirement = life expectancy − retirement age. We compute the required balance at retirement as the present value of an annuity (income needed from savings for that many years). We compare it to your projected balance to show shortfall or surplus.
Social Security
Social Security is estimated from your career income and claiming age (62–70). Full retirement age (FRA) is 67 for those born 1960 or later. Claiming before FRA reduces benefits; claiming after FRA increases them. In the balance-by-age chart, Social Security is indexed with inflation each year. For official estimates, use the SSA Retirement Estimator.
Tax and drawdown
Estimated tax applies your entered rate to total retirement income (savings withdrawal + Social Security). The drawdown phase assumes you withdraw enough from the portfolio each year so that portfolio + Social Security (indexed with inflation) match your target income.
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