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Retirement Income Gap Calculator

Calculates the annual income shortfall between what you want to spend in retirement and what your savings, Social Security, and pension will actually provide. Use it to determine how much additional savings you need to bridge the gap.

Desired Annual Retirement Income ($)

Expected Social Security Benefits ($)

Pension Income ($)

Current Retirement Savings ($)

Safe Withdrawal Rate

Fill in the required fields to see your result.

Retirement

Retirement Income Calculator

Estimates the annual income you'll need in retirement by adjusting your current income for a chosen replacement rate and projected inflation over the years until you retire. Use it when setting a savings target or stress-testing retirement plans.

Current Annual Income ($)

Income Replacement Rate (%)

Expected Inflation Rate (%)

Years Until Retirement (years)

Fill in the required fields to see your result.

Key differences

	Retirement Income Gap Calculator	Retirement Income Calculator
Category	Retirement	Retirement
Inputs required	5	4
Result	Annual Income Gap ($)	Annual Income Needed in Retirement ($)
What it does	Calculates the annual income shortfall between what you want to spend in retirement and what your savings, Social Security, and pension will actually provide. Use it to determine how much additional savings you need to bridge the gap.	Estimates the annual income you'll need in retirement by adjusting your current income for a chosen replacement rate and projected inflation over the years until you retire. Use it when setting a savings target or stress-testing retirement plans.