Retirement Income Calculator        Retire With Confidence®

Our retirement planner can assist you with estimating how much you may be able to spend each month and how long your savings will last. Use our retirement calculator to better manage your financial assets and get the most value from your retirement savings.

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Welcome to the T. Rowe Price Retirement Income Calculator
  Retirement Planner—Overview

Retirement Planner—Overview

 

Do you have a plan for retirement?

Explore your options in 10 minutes or less.

1. Begin by telling us some information about yourself.
2. Evaluate your financial situation.
3. Gain an interactive view of your retirement savings and income estimates.

Don't forget to save your progress.


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Save your settings and easily review and update your results anytime.
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Include your account information in the calculation.
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  About You

About You

 

Let's start with some questions about you.

Do you want to include a partner or spouse in your calculations?
   
 
    You   Your Partner
When were you born? /   /
    MM YYYY MM YYYY

Where are you in the retirement process?

Please select the category below that best describes your situation:

 
   
   
   
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Retirement
Savings
  Retirement Savings

Retirement Savings

 
 
 You
   Your Partner
About how much have you saved for retirement so far? (Include balances in your 401(k), 403(b), IRA, Roth IRA, Keogh, any taxable accounts, etc.)  
WORKSHEET

How much do you currently earn per year? If you
are not working, tell us your most recent annual salary.

(Include any bonuses and commissions.)
Annually
WORKSHEET
 

About how much do you and your employer contribute to all your retirement savings plans?

  • Workplace contributions:
    (Include 401(k), 403(b), SEP-IRA, company matches, discretionary contributions, etc.)

% of Salary Annually
 
$ Annually > % of Salary >

  • Other contributions:
    (Include Traditional IRA, Roth IRA, and taxable savings earmarked for retirement.)

Annually
 
WORKSHEET
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Asset Allocation
  Asset Allocation

Asset Allocation

 

Indicate how your investments are allocated.
These allocations will be tested using over 1,000 market simulations.

 
 
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Living in
Retirement
  Living in Retirement

Living in Retirement

 
At what age do you expect to retire?
What if my partner and I retire at different times?
 

About how much do you think you'll spend each month in retirement including taxes (in today's dollars)?
Use the worksheet as a guide to record different types of expenses.
Won't my expenses change over time?
Monthly 
WORKSHEET
 

How much additional income do you expect to receive in retirement?
 
  • Would you like to include an estimated Social Security
    benefit in your calculations, or provide us with what
    you believe your benefits will be?

   
 

Monthly 



 
  • Do you expect to receive a pension or other income
    in retirement?

    Include part time job, rental income, pension, etc., but not
    investment income such as dividends and interest. This will be
    calculated as part of your income from your retirement savings.
  Monthly 
WORKSHEET
 
 
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Your Results

Review our Retirement Income Calculator Methodology and Assumptions