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RetirementPlanCalc · US planning tools

Retirement Income Calculator

Estimate a level monthly portfolio withdrawal over a chosen retirement period, expressed in purchasing power at the start of retirement.

Free · No account required · Results below

Your planning inputs

How to use the retirement income calculator

  1. Enter your own balances, time period, and spending or contribution amounts. Keep today’s dollars and future dollars separate.
  2. Choose return and inflation assumptions. Returns should reflect fees. The default numbers are examples, not recommendations or forecasts.
  3. Select Calculate. Results appear below your inputs. Read the assumptions alongside the estimate.
  4. Try lower returns, higher inflation, and a longer retirement horizon where the tool allows it. Save your assumptions so you can compare scenarios.

How the calculation works

Real annual return = (1 + investment return) ÷ (1 + inflation) − 1. Convert to an effective monthly rate, then calculate a level real annuity payment at the end of each month. At zero real return, divide the portfolio by the number of months.

A simple example

With $360,000, zero return, zero inflation, and 30 years, the portfolio provides $1,000 a month in this model. Add $2,000 of other income to get $3,000 monthly before taxes.

Read the result with care

A calculator can make a planning tradeoff easier to see. It cannot predict future investment returns, personal spending, tax rules, or how long you will need your money.

These projections use simplified assumptions. Account limits, tax treatment, investment risk, healthcare costs, and the timing of Social Security can change a real retirement plan. Check account and benefit details with their official providers.

If a result looks too optimistic, compare several scenarios and review the inputs. A model that works with constant returns can still fail when actual returns vary during withdrawals.

Frequently asked questions

Are the default return and inflation rates forecasts?

No. They are editable assumptions for examples. No live market, inflation, or account data is loaded.

Does this calculator include taxes or account limits?

No. Review taxes, eligibility, account-access rules, and contribution limits separately. The employer-match tool is also a simplified one-tier formula.

Why do today’s dollars and future dollars differ?

Inflation changes purchasing power. Future-dollar results describe the modeled account or expense amount at a later date. Today-dollar results discount that amount using your inflation assumption.

Are my entries sent to an account service?

This calculator runs in your browser and does not connect to your bank, employer, or investment accounts. Avoid entering account numbers or other sensitive details.

Educational estimates only. Results are not personalized financial, investment, tax, or legal advice and do not guarantee retirement income. Read the methodology and disclaimer.

Planning tools maintained by RetirementPlanCalc. Report a calculation issue.