How much can you spend when retired?
How this calculator works
This calculator estimates the percentage you can safely spend, this year, from your retirement, investment, and bank accounts. Be aware that if the money is in a non-Roth retirement account, some of the spending must go to taxes on the amounts withdrawn. Income from all sources, including Social Security, a pension or annuity, plus the amount calculated here, will have to cover your income taxes plus the rest of your budget.
A safe payout depends on how your money is invested and on your life expectancy. Because these factors change over time, you should revisit this calculator every year.
Answer each question in the left panel. Then click the Calculate button. If you change your answers, click the button again. Read Basic Portfolios or use our Best-Invest calculator to decide how to allocate your money to stocks, bonds, and savings. To learn more about retirement income, read our article on safe payouts.
Your tax obligations will affect the amount you can spend; consult your tax adviser for specifics. The future may depart from historical trends that were used to generate these estimates, and market changes could cause your results to differ, up or down. You could lose money. Even low-risk investments like T-Bills, bank savings, and money market funds can lose buying power when interest rates are very low or inflation runs higher than expected.
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Note: This calculator was most recently updated on January 8, 2017 with current data on inflation.