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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 Savings Goal Calculator

Find out exactly how much you need to save each month to retire on the income you want. Enter your age, target retirement age, desired annual income, and current savings to get your monthly savings target.

Current Age (years)

Retirement Age (years)

Desired Annual Retirement Income ($)

Current Retirement Savings ($)

Expected Annual Return (%)

Safe Withdrawal Rate

Fill in the required fields to see your result.

Key differences

	Retirement Income Gap Calculator	Retirement Savings Goal Calculator
Category	Retirement	Retirement
Inputs required	5	6
Result	Annual Income Gap ($)	Monthly Savings Needed ($)
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.	Find out exactly how much you need to save each month to retire on the income you want. Enter your age, target retirement age, desired annual income, and current savings to get your monthly savings target.