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Retirement Income Calculator

Calculate your total monthly retirement income from all sources: Social Security, pension, 401K/IRA withdrawals, and other income.

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The Retirement Income Puzzle

Financial advisors typically recommend replacing 70-80% of pre-retirement income in retirement. On a $90,000 salary: target $63,000-$72,000/year. This income comes from multiple sources, and understanding each one is critical to avoiding a shortfall.

Social Security replaces approximately 40% of pre-retirement income for average earners, but only 27% for high earners. The maximum benefit at FRA (2025) is $3,822/month. Check yours at ssa.gov or estimate with our Social Security Calculator. 401K/IRA withdrawals using the 4% rule: a $500,000 balance supports $20,000/year ($1,667/month). Calculate your safe withdrawal with our Safe Withdrawal Rate Calculator. Pensions are increasingly rare — only 15% of private-sector workers have one (BLS data). Government and military pensions remain common.

Closing the Retirement Income Gap

If your projected income falls short, you have several levers: Delay Social Security to 70 for a 24% increase over FRA benefits (see our Break-Even Calculator). Increase savings rate now — even 5 years of aggressive saving can significantly boost your 401K balance. Part-time work in early retirement — even $1,000/month closes a major gap. Downsize housing to reduce expenses rather than increase income. Use our Retirement Calculator to see how changes in savings rate affect your outcome.

People Also Ask

How much do I need saved to retire?
A common rule: 25× your annual expenses. If you spend $50,000/year, target $1,250,000 in savings. This supports the 4% withdrawal rule for a 30-year retirement.
What is the 4% rule?
Withdraw 4% of your portfolio in year one, then adjust for inflation each year. Research shows this strategy has a 95% success rate over 30 years with a 60/40 stock/bond portfolio.
Will Social Security still exist when I retire?
The Social Security trust fund is projected to be depleted by 2035. After that, ongoing payroll taxes would still fund approximately 80% of scheduled benefits. Reform is likely before then.
How much does the average retiree spend monthly?
According to BLS data, the average retiree household (65+) spends approximately $4,345/month. Housing (33%), transportation (14%), healthcare (13%), and food (13%) are the largest categories.