Simple Retirement Calculator

Use this simple tool for quick estimates, switch to the to discover how to get more for retirement

You and Your Home
Age / Spouse Age
House Value
Mortgage Balance
Mortgage Payment
Mortgage Rate
Your Savings
Retirement Savings
After-Tax Savings
Monthly Savings
Monthly Income From Age Until Age Amount
Work Income Remove
Social Security  
Pensions/Annuities   Remove
Other Income Remove
Monthly Expenses From Age Until Age Amount
Current Expenses 50
Future Expenses Remove
Assumptions...  

<complete selections to see updated results>

Loading chart. Please wait
Loading chart. Please wait

Update your data and instantly see if plan improves!

To see this detailed analysis and get a much more comprehensive planning experience, switch to the NewRetirement Planner.

Everyone Deserves Peace of Mind for Retirement

Turn Your Dreams into Plans with a Comprehensive and Personalized System

Your goals, your priorities – customize your plan with 55+ inputs.

See what’s possible. Discover what can you do now and in the future for a secure retirement.

Access to expert articles and unbiased experts. Explore the pros and cons of your decisions.

Try different scenarios – change your data and see exactly how your finances are impacted.

Named best planning system by AAII and others. Forbes Magazine calls it a new approach to planning.

Manage your plan over time. Your data is saved and the system helps keep you on track.

Join the 20 Million People Who Have Already Used NewRetirement to Take Control of Their Retirement

NewRetirement has proven to have the most realistic and honest tool I have used to estimate my retirement income, how long it will last and real world world ways to improve my post retirement finances.
....I totally admire the near-perfect planning tool you have created
Site is very comprehensive and allows for changes in income and expenses over time. It appears you think of everything!
Well organized, highly detailed matrix that seems to ask all the right questions to help the user build a plan without a personal advisor. Very impressive layout.
It's comprehensive and easy to use.

As Seen On

Forbes
MarketWatch
SeekingAlpha
The CPA Journal

It is Easy to Take Full Control of Your Retirement and Achieve a Secure Future...

Create an account and switch to the NewRetirement Planner. This tool is the most comprehensive
and reliable planner available online.
Getting started is easy and free.

Disclaimers:

The content, calculators & tools on NewRetirement.com are for informational and educational purposes only and should not be construed as professional financial advice. We strongly recommend that you seek the advice of a financial services professional who has a fiduciary relationship with you before making any type of investment or significant financial decision. NewRetirement strives to keep its information & tools accurate and up to date. This information presented is based on objective analysis, but it may not be the same that you find on a particular financial institution, service provider or specific product”s site. All content, tools, financial products, comparison shopping products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers.

This estimate is based on very simple assumptions and limited inputs. For a more accurate projection, including the ability to specify different income sources, break out expenses, and edit assumptions, create a free account to use the full NewRetirement Planner.

Modeling Assumptions:

  • Goal age is set to life expectancy plus 10 years, based on current age
  • Other Income growth rate is set to 3% optimistically and 2% pessimistically
  • Social Security adjusts for inflation
  • Annuity and Pension income are not inflation-linked and do not grow
  • Inflation Rate is set to 2% optimistically and 4% pessimistically
  • Medical Cost Inflation Rate is set to 2.5% optimistically and 5.5% pessimistically
  • Out of pocket medical expenses after 65 are estimated using national averages
  • Consumer has not purchased long term care insurance
  • Savings rate of return is set to 4% optimistically and 2% pessimistically
  • Income taxes are calculated using 2017 tax table brackets and standard deductions, inflation adjusted until goal age
  • Starting at age 70.5, the calculator estimates required minimum distributions
  • All values entered and displayed in “today’s” dollars

Terms of Use: Your use of this site constitutes acceptance of the Terms of Use, including our Privacy Policy.

ASSUMPTIONS

The estimates in this Simple Retirement Calculator are based on very limited inputs and simple assumptions (see below).

For a more accurate and reliable accounting of what you need for a secure retirement, create a free account and switch to the full .

Simple Retirement Calculator Assumptions:

  • Goal age is set to life expectancy plus 10 years, based on current age
  • Other Income growth rate is set to 3% optimistically and 2% pessimistically
  • Social Security adjusts for inflation
  • Annuity and Pension income are not inflation-linked and do not grow
  • Inflation Rate is set to 2% optimistically and 4% pessimistically
  • Medical Cost Inflation Rate is set to 2.5% optimistically and 5.5% pessimistically
  • Out of pocket medical expenses after 65 are estimated using national averages
  • Consumer has not purchased long term care insurance
  • Savings rate of return is set to 4% optimistically and 2% pessimistically
  • Income taxes are calculated using 2017 tax table brackets and standard deductions, inflation adjusted until goal age
  • Starting at age 70.5, the calculator estimates required minimum distributions
  • All values entered and displayed in “today’s” dollars

Are You Serious About Retirement Planning?

If you want a reliable and personalized plan, switch to the Retirement Planner.
Discover how to turn your retirement dreams into real plans.

Your Needs

Here is a Comparison of Your Retirement Savings Needs and How Much You Have and Are Projected to Have at Age 52, 71 and 85


Loading chart. Please wait
Loading chart. Please wait
 
What You Need: The blue bar represents how much savings you will need at ages 52, 71 and 85 to fund your retirement until you are 89 and your spouse is 92.
 
What You Have: The green bar represents how much savings you are projected to have at ages 52, 71 and 85. You are doing well if the green bar is taller than the blue bar.
At Age 52:

It appears that you currently have $250,493 in savings. The system also estimates that you will need $1,414,070 for a secure retirement.

You are $1,163,577 behind. Working longer, a retirement job, reducing expenses, tapping home equity are some of the most popular ways other retirees make up for a lack of retirement savings. Use “” to try out some or all of these options. You can immediately see the impact on your retirement security.

At Age 71:

By 71 you are projected to have $553,563 in savings and need $1,498,702. This amounts to a $945,139 deficit.

At Age 85:

At age 85, you are projected to have ($168,943) in savings and will still need $653,529.

Improve Your Plan

Use “” to explore changes and see how they impact your retirement security.

Are You Serious About Retirement Planning?

If you want a reliable and personalized plan, switch to the Retirement Planner.
Discover how to turn your retirement dreams into real plans.

Cash Flow Forecast


Income: The blue line represents your income. The ideal situation is to always have your guaranteed retirement income be greater or equal to your retirement expenses.
Expenses: The orange line represents your expenses, which includes estimated taxes on income and qualified retirement account distributions. During years when your income is lower than expenses, the system automatically models withdrawals from your savings to supplement your earned income.
Savings: The green line represents your savings. Your savings shows growth if you are adding to your accounts or earning returns. It will fall if you lose or spend money.

Are You Serious About Retirement Planning?

If you want a reliable and personalized plan, switch to the Retirement Planner.
Discover how to turn your retirement dreams into real plans.

Your Savings Timeline

Loading chart. Please wait
  • Your current age
  • Spouse current age
  • Out of savings age – pessimistic assumptions
  • Out of savings age – optimistic assumptions

Are You Serious About Retirement Planning?

If you want a reliable and personalized plan, switch to the Retirement Planner.
Discover how to turn your retirement dreams into real plans.