Retirement Income Calculator
Estimate your retirement income from Social Security, pensions, savings, and investments.
Estimated Annual Retirement Income
$40,000
Social Security
$24,000
Pension
$0
Investments (4%)
$16,000
Your Personalized Assessment
Essential Income Tier — $40,000/year
Your projected income of $40,000 falls $30,000 below the comfortable retirement benchmark of $70,000/year in a mid-cost state. After healthcare costs ($6,000-$8,000/person), your spendable income is approximately $33,000. Social Security provides 60% of your total income.
Your Inputs
- Social Security
- $24,000
- Pension
- $0
- Savings
- $400,000
- Withdrawal Rate
- 4%
Key Findings
- ✓Income tier: Essential (median retiree household: $52,000/year)
- ✓Portfolio provides 40% of total income at 4% withdrawal rate
- ✓Social Security provides 60% of total income
- ✓Gap to comfortable tier: $30,000/year ($750,000 additional savings needed at 4%)
- ✓At 4% withdrawal, portfolio longevity is approximately 25-30 years with balanced allocation
Risk Assessment
At 3% inflation, your $40,000 income loses 18,000 in purchasing power over 20 years. Only Social Security includes automatic COLAs.
4% withdrawal is within the historical safe range. Poor market returns in early retirement years could reduce portfolio longevity by 3-5 years.
Budget $6,000-$8,000/person annually for Medicare, supplemental coverage, and out-of-pocket costs not included in this income estimate.
Recommended Actions
Could add $8,000-$15,000/year in inflation-adjusted income
Each 0.5% reduction saves 2,000/year in portfolio preservation
Relocating to a lower-cost state can reduce needed income by $8,000-$15,000/year
Go Deeper
These advisor-quality research reports expand on your Retirement Income Calculator results with scenario analysis, detailed benchmarks, and personalized action plans.
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