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Retirement Income Replacement Calculator

Calculate the percentage of your current income you will realistically need in retirement after adjusting for taxes, savings, work expenses, and lifestyle changes.

Pre-Retirement Annual Income ($)

Current Savings Rate (%)

Annual Work-Related Expenses ($)

Remaining Mortgage at Retirement ($)

Expected Tax Rate in Retirement (%)

Lifestyle Change Factor

Fill in the required fields to see your result.

Retirement

Retirement Income Gap Calculator

Calculates the annual shortfall between what you'll spend in retirement and the income you'll receive from Social Security, pension, and portfolio withdrawals. Use it to pinpoint exactly how much extra saving or income you need.

Monthly Retirement Expenses ($)

Monthly Social Security ($)

Monthly Pension Income ($)

Total Retirement Savings ($)

Safe Withdrawal Rate

Fill in the required fields to see your result.

Key differences

	Retirement Income Replacement Calculator	Retirement Income Gap Calculator
Category	Retirement	Retirement
Inputs required	6	5
Result	Income Replacement Ratio Needed (%)	Annual Income Gap ($)
What it does	Calculate the percentage of your current income you will realistically need in retirement after adjusting for taxes, savings, work expenses, and lifestyle changes.	Calculates the annual shortfall between what you'll spend in retirement and the income you'll receive from Social Security, pension, and portfolio withdrawals. Use it to pinpoint exactly how much extra saving or income you need.