How long will my money last?
Enter what you have saved and what you plan to spend each year. See how long it lasts, and the yearly amount that carries you to your planning age.
At this pace the money runs out around 91, about 3 years before your planning age. Spending closer to $37,000 a year, working a little longer, or delaying Social Security would close the gap. A steady average hides the risk of a market drop early in retirement, which can shorten these years. A common rule of thumb, first withdrawing about 4% and raising it with inflation, has historically lasted about 30 years in most U.S. market periods.
Illustration only, not investment advice. Withdrawals come out at the start of each year; returns and inflation are steady averages. Taxes, Social Security and pensions are not included, so subtract that income from your spending first. Find a careful planning age. Nothing you enter here is saved.
Your numbers, working together
Each calculator answers one question. A Retirement Checkup puts them together for your household: savings, Social Security, your home, taxes, health costs and family, including what happens if one of you lives much longer than the other. Keep the numbers you found here; they make the questionnaire quicker and the results more accurate.
Get a Checkup