I'm retired, how long will my savings last?

Due to increasing life expectancies, many are running into the problem of outlasting their savings. Use this calculator to help determine when your retirement savings account may be depleted given a specified monthly income target. You may currently be in receipt of a company pension or other fixed income such as Social Security to help supplement your retirement savings account.

Income Objectives

Monthly income needed (before-tax) ?

$

The total monthly income you want to have available, before taxes, to cover living expenses in retirement.

Advanced options 1

Annual increases (if any) ?

%

How much your target income grows each year, typically to keep pace with inflation.

10 Year Historic Inflation Rate. 10-year U.S. inflation average 2.9% 2015 0.1%, 2016 1.3%, 2017 2.1%, 2018 2.4%, 2019 1.8%, 2020 1.2%, 2021 4.7%, 2022 8.0%, 2023 4.1%, 2024 2.9% Source U.S. Department of Labor

Fixed Income Receipts

Monthly Social Security income ?

$

Expected monthly Social Security benefit, before any tax withholding.

Monthly pension income ?

$

Any monthly pension payment you expect to receive.

Monthly other income ?

$

Any other steady monthly income, such as rental income or annuity payments.

Advanced options 3

Annual Social Security increases ?

%

Expected annual cost-of-living adjustment applied to your Social Security benefit.

10 Year Historic Inflation Rate. 10-year U.S. inflation average 2.9% 2015 0.1%, 2016 1.3%, 2017 2.1%, 2018 2.4%, 2019 1.8%, 2020 1.2%, 2021 4.7%, 2022 8.0%, 2023 4.1%, 2024 2.9% Source U.S. Department of Labor

Annual pension increases (if any) ?

%

Expected annual increase, if any, to your pension payment.

10 Year Historic Inflation Rate. 10-year U.S. inflation average 2.9% 2015 0.1%, 2016 1.3%, 2017 2.1%, 2018 2.4%, 2019 1.8%, 2020 1.2%, 2021 4.7%, 2022 8.0%, 2023 4.1%, 2024 2.9% Source U.S. Department of Labor

Annual other income increases (if any) ?

%

Expected annual increase, if any, to this other income source.

10 Year Historic Inflation Rate. 10-year U.S. inflation average 2.9% 2015 0.1%, 2016 1.3%, 2017 2.1%, 2018 2.4%, 2019 1.8%, 2020 1.2%, 2021 4.7%, 2022 8.0%, 2023 4.1%, 2024 2.9% Source U.S. Department of Labor

Savings And Assumptions

Current account balance ?

$

The total savings and investment balance you have available to draw on in retirement.

Annual before-tax return ?

%

The annual growth rate you expect on your remaining balance while it is being drawn down.

Table of Historic Rates of Return. Inflation 2.9%, U.S. Treasury Bills 3.3%, Long-term Government Bonds 5.0%, U.S. Large-Company Stocks 10.4%, and U.S. Small-Company Stocks 11.8%. Past performance is no guarantee of future results. Source: Ibbotson SBBI 1926-2024

Desired amortization schedule ?

Monthly Yearly

How you want your balance to be drawn down — for example, spending it down to zero versus preserving principal.

Enter your values and select Calculate.

The headline figure, years your money will last, tells you how long your current balance is projected to cover the gap between your desired income and what Social Security, pension, and other fixed income already provide. It does not account for taxes, unexpected expenses, or how markets actually behave year to year — it is a projection built on the assumptions you entered, not a guarantee.

Two inputs move this result the most: your monthly income need and the annual before-tax return you assume on your balance. A small change in either one can add or subtract years from the projection, so it is worth trying a few realistic variations rather than treating any single run as final.

The model assumes steady, predictable growth and steady annual increases to income and benefits. Real life rarely moves in a straight line — markets fluctuate, health needs change, and tax rules shift. Treat this as a planning tool, not a fixed forecast, and consider bringing it to a financial advisor alongside your other retirement accounts.

It's worth revisiting this calculation whenever your balance, income needs, or return expectations change meaningfully — after a market swing, a new pension decision, or simply once a year as part of a regular check-in. Having a working estimate at all puts you ahead of where most people are, and small adjustments to spending or savings now can meaningfully extend how long your money lasts.

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.