Retirement Income Gap Calculator
Estimate the gap between desired and expected retirement income.
Compare your desired annual income to expected sources like pensions or Social Security. The calculator estimates the assets and monthly savings needed to close the gap.
Your information
Enter inflation-adjusted income goals for best results.
Results
Output based on the inputs above.
Annual income gap
$35,000
Monthly income gap
$2,917
Assets needed to cover gap
$875,000
Additional monthly savings needed
$1,385
Savings rate required
20.78%
Your annual income gap is about $35,000.
Definitions
- USD
- United States dollars.
Assumptions
- Withdrawal rate is applied to estimate required assets.
- Saving contributions are assumed monthly.
- Returns compound annually at the expected return rate.
Last updated: 2026-02-01
FAQ
What income sources should I include?
Include Social Security, pensions, annuities, and any reliable income you expect in retirement.
Is inflation included?
No. Use inflation-adjusted income targets to keep the comparison in today’s dollars.
Why use a withdrawal rate?
It estimates how much you can safely withdraw from savings each year.