Retirement Readiness Calculator
See how your savings might grow and what you could withdraw in retirement
What This Calculator Does
- Projects portfolio growth using a steady annual return rate you select
- Uses the traditional 4% rule: withdraws a fixed dollar amount based on 4% of your portfolio at retirement (not 4% of current value each year)
- Adjusts Social Security benefits based on when you claim (70% at 62, 100% at 67, 124% at 70)
- Shows year-by-year projections so you can see how your money might last
What It Does Not Account For
- Taxes: Withdrawals from Traditional IRAs and 401(k)s are taxed as ordinary income. Roth withdrawals are tax-free. This calculator does not reduce withdrawals for taxes.
- Inflation: The calculator shows future dollar amounts, not purchasing power. $5,000/month in 20 years will buy less than $5,000 today.
- Market volatility: Returns are assumed steady. In reality, markets fluctuate. A major drop early in retirement (sequence of returns risk) can significantly impact how long your money lasts.
- Healthcare costs: Medical expenses often increase with age, especially before Medicare eligibility at 65.
- Changes to Social Security: Future benefit cuts or rule changes are possible but not modeled here.
- Other income or expenses: Pensions, rental income, part-time work, large purchases, or long-term care needs are not included.
Bottom line: Use this as a starting point for understanding your retirement picture, not as a financial plan. Consider running multiple scenarios with different assumptions.
1. Your Current Situation
2. Social Security (Optional)
3. Assumptions
Portfolio Projections
| Age | Year | Portfolio Value | Notes |
|---|
Retirement Income Summary
Portfolio at Retirement
Annual Withdrawal (at chosen rate)
Social Security (at claim age)
Total Monthly Income (after SS starts)
Portfolio at Age
What This Means
Assumptions Used
This calculator is for educational purposes only and is not financial advice. See the assumptions above for what this calculator does and does not include. Consider consulting a financial advisor for personalized guidance.