Retirement Savings Calculator

Estimate how long your retirement savings will last based on your current balance, monthly income, and expenses.

The current amount in your retirement savings account.
The expected annual return on your savings (e.g., 4 for 4%).
Regular monthly income (e.g., Social Security, pensions).
Total monthly expenses including withdrawals from savings.

Your Results

Based on your inputs, here’s how long your savings will last:

Savings Duration
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Total Withdrawals
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Interest Earned
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Final Balance
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Calculator Inputs

  • Retirement Savings Account Balance - The current amount in your retirement savings account or the amount you will deposit to start the retirement account.
  • Annual Interest Rate - The stated annual interest rate. This calculator compounds interest monthly. For example, an annual rate of 7% becomes a monthly rate of 0.583% (0.07/12). Interest is calculated at the end of each month after any withdrawals.
  • Monthly Income - Regular monthly income deposits such as Social Security payments, pensions, or other income that goes into this account.
  • Monthly Expenses - Your total monthly expenses that are withdrawn from this account. This should be higher than your monthly income for the calculation to be meaningful.

Example: If you have $75,000 at 4% interest with $1,800 monthly income, try entering $2,800 for expenses to see savings last 8 years and 1 month. Lower expenses to $2,550 to make savings last about 10 years and 1 month.