How Long Will My Savings Last?

Cumulative savings at retirement

Enter how much you have saved to-date for retirement. Then add to this number how much you can realistically save between now and your retirement date. Finally, add in any estimated net after-tax dollars you expect to receive from the sale of real estate, a business, or any item of value at or near your retirement date. Do not count expected inheritances or return on investments. Use today's values, not anticipated future values.

Amount you want to spend annually in retirement

How much money you want to spend annually in retirement including payment of taxes. Use today's dollars. Subtract from this number annual Social Security, pension, or other lifetime income sources. Be careful not to underestimate living expenses and taxes. Doing so could cause serious cash-flow shortages later on.

After tax rate of return in retirement

This is the annual rate of return you expect from your investments after taxes.

It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted.

When you are taking periodic distributions from an account or investment, the return earned is often lower due to more conservative investment choices to help insure a steady flow of income.

Expected inflation rate

This is what you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI). From 1925 through 2024 the CPI has a long-term average of 3.0% annually. Over the last 40 years the highest CPI recorded was 13.5% in 1980. For the 12 months ending October 31^st 2024 the CPI for All Urban Consumers (CPI-U) was 3.2% as reported by the U.S. Bureau of Labor Statistics. This calculator increases your distribution amount at the end of each year by the rate of inflation. This begins at end of the first year of distributions. This helps illustrate the cost of providing a current amount of purchasing power throughout your distributions.

Amount

This is the additional amount you will add to your retirement savings. Enter a negative amount if this is a reduction or withdrawal in your retirement savings. All deposits and/or withdrawals are assumed to happen at the beginning of the year.

Year to start

First year of the additional amount.

Year to end

Last year of the additional amount. If this is the same as the first year, it will impact your account once. Otherwise the calculation assumes that the additional amount is an annual deposit (or if negative a withdrawal).

Amount

This is the additional amount you will add to your retirement savings. Enter a negative amount if this is a reduction or withdrawal in your retirement savings. All deposits and/or withdrawals are assumed to happen at the beginning of the year.

Year to start

First year of the additional amount.

Year to end

Last year of the additional amount. If this is the same as the first year, it will impact your account once. Otherwise the calculation assumes that the additional amount is an annual deposit (or if negative a withdrawal).

Amount

This is the additional amount you will add to your retirement savings. Enter a negative amount if this is a reduction or withdrawal in your retirement savings. All deposits and/or withdrawals are assumed to happen at the beginning of the year.

Year to start

First year of the additional amount.

Year to end

Last year of the additional amount. If this is the same as the first year, it will impact your account once. Otherwise the calculation assumes that the additional amount is an annual deposit (or if negative a withdrawal).

Amount

This is the additional amount you will add to your retirement savings. Enter a negative amount if this is a reduction or withdrawal in your retirement savings. All deposits and/or withdrawals are assumed to happen at the beginning of the year.

Year to start

First year of the additional amount.

Year to end

Last year of the additional amount. If this is the same as the first year, it will impact your account once. Otherwise the calculation assumes that the additional amount is an annual deposit (or if negative a withdrawal).

Amount

This is the additional amount you will add to your retirement savings. Enter a negative amount if this is a reduction or withdrawal in your retirement savings. All deposits and/or withdrawals are assumed to happen at the beginning of the year.

Year to start

First year of the additional amount.

Year to end

Last year of the additional amount. If this is the same as the first year, it will impact your account once. Otherwise the calculation assumes that the additional amount is an annual deposit (or if negative a withdrawal).

Amount

This is the additional amount you will add to your retirement savings. Enter a negative amount if this is a reduction or withdrawal in your retirement savings. All deposits and/or withdrawals are assumed to happen at the beginning of the year.

Year to start

First year of the additional amount.

Year to end

Last year of the additional amount. If this is the same as the first year, it will impact your account once. Otherwise the calculation assumes that the additional amount is an annual deposit (or if negative a withdrawal).

Amount

This is the additional amount you will add to your retirement savings. Enter a negative amount if this is a reduction or withdrawal in your retirement savings. All deposits and/or withdrawals are assumed to happen at the beginning of the year.

Year to start

First year of the additional amount.

Year to end

Last year of the additional amount. If this is the same as the first year, it will impact your account once. Otherwise the calculation assumes that the additional amount is an annual deposit (or if negative a withdrawal).

Amount

This is the additional amount you will add to your retirement savings. Enter a negative amount if this is a reduction or withdrawal in your retirement savings. All deposits and/or withdrawals are assumed to happen at the beginning of the year.

Year to start

First year of the additional amount.

Year to end

Last year of the additional amount. If this is the same as the first year, it will impact your account once. Otherwise the calculation assumes that the additional amount is an annual deposit (or if negative a withdrawal).

Amount

This is the additional amount you will add to your retirement savings. Enter a negative amount if this is a reduction or withdrawal in your retirement savings. All deposits and/or withdrawals are assumed to happen at the beginning of the year.

Year to start

First year of the additional amount.

Year to end

Last year of the additional amount. If this is the same as the first year, it will impact your account once. Otherwise the calculation assumes that the additional amount is an annual deposit (or if negative a withdrawal).

Amount

This is the additional amount you will add to your retirement savings. Enter a negative amount if this is a reduction or withdrawal in your retirement savings. All deposits and/or withdrawals are assumed to happen at the beginning of the year.

Year to start

First year of the additional amount.

Year to end

Last year of the additional amount. If this is the same as the first year, it will impact your account once. Otherwise the calculation assumes that the additional amount is an annual deposit (or if negative a withdrawal).