Plan your retirement with confidence using the Retirement Budget Calculator. Estimate your future savings, income, expenses, and taxes to ensure financial security throughout your retirement years. Get insights on how long your savings will last and strategies to maximize your retirement funds.
Personal & Retirement Details
Provide your current age, expected retirement age, and life expectancy to help us calculate how long your savings need to last. These details form the foundation of your retirement plan.
Expected Retirement Age:
62 years
Life Expectancy:
85 years
Average Annual Salary:
$75,000 / years
Retirement Savings Accounts
Enter your current savings and retirement accounts, such as 401(k) or IRA. This helps estimate your future financial growth and how long your savings will last.
Investments & Growth
Include any additional investment accounts and your expected annual return rate. This section helps project your total retirement savings, factoring in market growth.
Income Sources in Retirement
List your expected monthly income sources during retirement, including Social Security, pensions, rental income, dividends, or part-time work. These will help determine your total available funds.
Monthly Living Expenses
Estimate your monthly expenses in retirement, such as housing, healthcare, food, transportation, entertainment, and other personal costs. Knowing your expected spending helps assess whether your income will cover your needs.
Taxes & Withdrawal Planning
Understand how taxes will impact your withdrawals from retirement accounts and learn how to optimize your withdrawals using a safe withdrawal rate. Proper tax planning ensures your savings last longer.