Supplemental Retirement Income Calculator

Enter all of the fields below,
then press the View Schedule button.
Retirement begins
How much will you have saved for retirement?$
Average Annual Interest Rate You Can Earn
Compounded:
  %
Average Annual Inflation Rate  %
How much do you need to live on monthly? (today's $)$
Monthly Pension Plan Income? (today's $)
You will begin to receive it months after retirement.
This amount will increase approx.% each year in
$
Monthly Social Security Income? (today's $)
You will begin to receive it months after retirement.
This amount will increase approx.% each year in
$
View Monthly Schedule
View Schedule with Annual Totals only!

To view the schedule, all input fields must contain a value.

1997- MyCalculators.com
Note:
  • This calculator will calculate the amount of supplemental retirement income you need each month (in excess of Social Security and/or Pension income) until you either run out of money, or 480 months (40 years) have elapsed with money still remaining - whichever comes first.
  • The amount you need to live on should include taxes.
  • Withdrawals are made at the beginning of the month.

Be sure to review your plan periodically or as requirements change!

FAQ:
Why does the withdrawal amount increase every year (or month)?

Why do I have to include taxes in the amount needed to live on? Why didn't you include taxes in the calculation?

What if I want the earnings to be net of taxes?

How much do I need to live on?

I don't understand compounding. Does it really make a difference?

What can I expect the inflation rate to be?

What can I expect to get from Social Security?



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