Retirement Lifestyle Calculator

Footloose, Retire Free!

This website contains affiliate links, meaning we may earn a commission for purchases made through these links, at no extra cost to you. Our opinions are principled, original and our own. See how we make money. Thank you for your support.

Our retirement lifestyle calculator helps you see if your savings and investment plan will cover your desired monthly income in retirement or if you’ll need to crank up the savings to close the gap. Just plug in your numbers. Hint: You can’t turn this calculator upside down to see what you can spell. You know what I’m talking about boys.

Retirement Lifestyle Calculator for Late Starters

Current Age Desired Retirement Age Current Retirement Nestegg ($) Current Retirement Contributions Per Month ($) Desired Retirement Income Monthly ($) Location (Cost of Living) Expected Monthly Social Security Income ($) Expected Monthly Pension Income ($) Other Monthly Income ($)

Enter your details to estimate your retirement income needs and savings goals.

Results

Monthly Income Desired in Retirement

Social Security, Pensions & Other

Monthly Income Shortfall

Nestegg Needed to Support Monthly Income Shortfall at 4% Annual Withdrawal Rate

Nestegg Shortfall

Plan Your Retirement Lifestyle Over 50

Hey Gen X, if you are feeling behind on retirement, our Retirement Lifestyle Calculator helps you estimate your income needs and savings goals. Enter your current savings, monthly contributions, Social Security, pension, and other income to see how much more you need to save. Tailored for late starters, this tool adjusts for your location’s cost of living. Use YNAB for budgeting or Betterment for automated investing. Check our Guide to Saving for Retirement After 50 for more tips.

Retirement planning starts with understanding your income needs. Living in a high-cost area like New York may require 20% more income than the national average. Our calculator uses the 4% withdrawal rule to ensure your savings last, factoring in your current savings and contributions to reduce your monthly goals. Plan confidently today!