Retirement Income Calculator
Retirement Savings
Adjust for Inflation
Additional Income Sources
Retirement Timeline
Retirement Income Summary
Annual Retirement Income
+$49,200
$49,200
Total income from all sources
Monthly Retirement Income
+$4,100
$4,100
After adjusting for inflation
Savings Withdrawal
$20,000/year
$20,000
Annual withdrawal from savings
Retirement Duration
20 years
20 years
From retirement to life expectancy
Savings Sustainability
Sustainable
Sustainable
Based on withdrawal rate
Retirement Income Breakdown
Income Sources Breakdown
Savings Withdrawal
$20,000
40.7% of total
Social Security
$21,600
43.9% of total
Pension Income
$12,000
12.2% of total
Other Income
$6,000
3.3% of total
Retirement Timeline Projection
About This Retirement Income Calculator
This calculator helps you estimate sustainable retirement income from all sources. It considers:
- Retirement Savings Withdrawals: Using the "4% rule" or your custom withdrawal rate
- Social Security Benefits: Monthly benefits starting at retirement age
- Pension Income: Defined benefit pension payments
- Other Income: Part-time work, rental income, dividends, etc.
- Inflation Adjustment: Maintains purchasing power over time
- Investment Growth: Continued growth on remaining savings
The 4% Rule Explained:
- Withdraw 4% of your retirement savings in the first year
- Adjust subsequent withdrawals for inflation
- Designed to make savings last 30+ years with 90% confidence
- Based on historical market returns and inflation
Important Considerations:
- Healthcare costs typically increase with age
- Consider long-term care insurance needs
- Tax implications of different income sources
- Required Minimum Distributions (RMDs) after age 73
Note: This calculator provides estimates only. Actual retirement income may vary based on market conditions, tax laws, and personal circumstances. Always consult with a qualified financial advisor for personalized retirement planning.