Retirement Shortfall Calculator

Compare the savings you are on track to have with the amount your retirement spending will need, and find the extra monthly saving that closes any gap. Try the life expectancy calculator online to run your own numbers — everything is calculated in your browser and nothing you enter is stored or sent anywhere.

Enter your savings and retirement costs

Years until retirement

yrs

Years in retirement

yrs

Current retirement savings

Monthly contributions

$/mo

Include any employer contributions.

Yearly retirement spending

$/yr

What you expect to spend each year, after tax, in today's dollars.

Other retirement income

$/yr

Social Security, pensions and similar, after tax, in today's dollars.

Return before retirement

Return during retirement

Inflation

Tax rate on withdrawals

Use your combined federal and state rate, or 0 if your savings are in Roth accounts.

Spending keeps rising with inflation during retirementUntick to keep withdrawals level once you retire.

Your results

Shortfall

–

Extra saving to close it

–

Projected savings

–

Savings needed

–

Withdrawal needed in first retirement year–

Total monthly saving needed–

Or a lump sum invested today of–

Projected savings would last–

Savings path to retirement

Your balance at the end of each year on your current plan, and with the extra monthly saving that closes the gap.

Year	Current plan	With extra saving

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