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Retirement Planner for Two Working Spouses

Enter both spouses' details

Left column for you, right column for your spouse or partner.

yrs
yrs
yrs
yrs
$/yr
$/yr
% of pay
% of pay
$
$
$/mo
$/mo
yrs
yrs

Enter each monthly benefit for the claiming age you chose, in today's dollars. Your Social Security statement shows estimates for each age.

$/yr

Today's dollars, once you have both retired.

yrs
Growth, return and tax assumptions
%
%
%
%
%

Withdrawals are grossed up so the spending above is what you keep. Use 0 for Roth savings.

Your household's results

Savings when you both retire

–

Savings needed then

–

Shortfall

–

Your account when you retire–
Spouse's account when they retire–
Years with one spouse retired–
First full-retirement year: spending–
Social Security that year–
Withdrawal from savings (before tax)–
Savings last until–

While one spouse still works, the household is assumed to live on that salary and any benefits already claimed, without drawing on savings. Spousal and survivor benefits are not modeled.

Year-by-year plan for both accounts

Contributions stop when each spouse retires. Once you have both retired, withdrawals come from the two accounts in proportion to their balances.

Your ageSpouse's ageContributionsSocial SecurityWithdrawalsYour accountSpouse's accountCombined

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

Plan retirement as a two-income couple, with separate salaries, savings, retirement ages and Social Security claiming ages, and see whether your combined savings cover your spending. The free life expectancy calculator uses the same plain-English approach, so you can compare results side by side.