This intuitive calculator helps you estimate how long your retirement savings will sustain you after you no longer receive income from your employment.

Details

Retirement Plan

Planned Retirement Age: 60

Initial Savings & Investment Returns

Amount Saved ($):

Expected After Tax Of Return On Investment (%): 3

Retirement Income & Growth

Annual Retirement Income ($):

Expected Annual Income Growth Rate (%): 3

Living Expenses & Inflation rates

Annual Living Expenses ($):

Expected Annual Inflation Rate (%): 3

Results

Based on your inputs, your retirement savings are projected to sustain you for approximately 0 years.

Charts

Description

Calculating the Retirement Savings

To estimate how long your retirement savings will last, we calculate the balance over time by factoring in your starting savings, income, expenses, and return on investment. Here's how it works:

Ending Balance = Starting Balance + Investment Earnings + Incomes - Living Expenses

Additional Factors

The following factors are considered in the calculation:

Investment Earnings = Remaining Balance × ROI Rate
Incomes = Initial Income × (1 + Income Growth Rate)
Living Expense = Initial Living Expense × (1 + Inflation Rate)

The above formula helps us track how your savings grow and how much you can spend each year, while taking into account inflation and income growth.