Retirement Income Estimator
Estimate the savings needed to support the portion of retirement spending not covered by other income.
Make this estimate actionable
Get one practical money step each Tuesday from Erik Edgington.
How to use this calculator
Retirement planning begins by connecting the lifestyle you want with the income sources and savings available to support it. Enter realistic numbers, review the estimate, and test a few scenarios before choosing your next step.
Frequently asked questions
How much income will I need in retirement?
Your spending plan matters more than a universal percentage. Start with expected expenses and subtract reliable income sources.
What is the 4% rule?
It is a planning guideline that estimates an initial annual withdrawal near 4% of a diversified portfolio, not a guarantee.
Should Social Security be included?
Yes, but use a reasonable estimate and consider testing a lower benefit or later claiming age.
Reviewed by Erik Edgington, a banking and credit union professional with 16 years of experience.