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How Important Is Social Security?

Enter your retirement plan

yrs
yrs
yrs

How long your retirement income should last.

$/ yr

Before tax.

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$
%

Including any employer match.

%

As a share of your income when you retire. 70–85% is a common target.

$/ mo

Your household's expected monthly benefit at your retirement age, in today's dollars – from my Social Security at ssa.gov. Add a spouse's benefit if married.

More options
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%
%

Your income need and Social Security both rise with it.

What Social Security is worth to you

Share of your retirement income from Social Security

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Savings with Social Security

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Savings without Social Security

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Savings it would take to replace Social Security

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Savings when you retire–
Income needed in your first retirement year–
Social Security in your first retirement year–
Savings needed with Social Security–
Savings needed without it–
Extra saving needed with Social Security–
Extra saving needed without it–

Your savings in retirement, with and without Social Security

Future dollars. Withdrawals are taken at the start of each year; once the savings are gone the balance stays at $0.

AgeIncome neededSocial SecurityWithdrawal needed with itSavings with itSavings without it

Results are estimates for educational purposes and are not financial, tax or legal advice.

See how much of your retirement income your Social Security benefit covers, and how long your savings would last with it and without it. Next, open the free annuity calculator and enter your own details to see an estimate in seconds.