Retirement Shortfall Calculator

Retirement shortfall calculator lets you figure out if your current savings and expected income and savings rate are enough to achieve your retirement goals. Numbers have been prepopulated with the most typical assumptions for the U.S market.

Calculations done here are for educational purposes and interest rates may change at any time. This tool will provide you with a rough estimate of where you stand compared to your retirement goal.

Retirement Shortfall Calculator

1. How many years until retirement?

Current Age

Age you want to retire at

Years left to invest

2. How long do you need your retirement to last after retirement?

Years after retirement

This is a tough question, because none of us know how long we will live but make a realistic estimate.

3. Estimated current return rats and inflation.

Inflation Estimate

If you live in a developed economy you can estimate that inflation will be stable for the foreseeable future.

Return Rate - Current

Return rate you currently expect to earn on your retirement portfolio.

Return Rate - Post Retirement

Return rate you estimate you will earn post retirement on the same portfolio. It might be lower than PRIOR to retirement if you allocate more towards safer investments as you approach retirement.

4. What are your retirement needs?

Money you expect you will need per year of retirement

How much do you think you will need per year to live on comfortably?

Money you expect you will need per year (After Inflation)

5. What is your Current Salary & Future Savings Expectations?

How much do you currently make per year?

What % of Salary do you expect to save every year

Annual Salary growth

You can add your own estimates here but typically minimum salary growth should at least match inflation.

Does your employer match? If Yes, how much in %?

Some employers offer 401k match. Typically it is 100% match up to 3% of your annual salary.

Is there a maximum that your employer agrees to match?

Your own savings

Your employer contributions

Total Annual Retirement Savings

6. How much do you have currently saved up?

Do you have any savings in your retirement account already?

7. Do you expect any additional income during your retirement?

Age When Income Begins

Age when you start receiving any additional income. This is where you can put Old Age Pension from the government.

Additional Income Amount

Additional Income Amount Annual Growth

Typically 0% if its government aid.

Years of Retirement Income

Value of Other Income at Retirement

Any other assets at time of retirement?

This is meant to be a catch all field to capture any other assets you might have that you plan to sell at retirement. Note: Put the value of that sale at the time of retirement and not present value.

Total Money you need to save up

Value of your Current Savings at Retirement

Value of your Current Contributions at Retirement

Retirement Shortfall

This is how much you are short and need to additionally save up to achieve your retirement goals. If you see a negative number that means you are not short and have a surplus.

Years you can enjoy retirement without additional savings

This is how many years you can enjoy your retirement income without making any additional contributions

What you need to do to achieve your goals!

Additional money you need to save per year

% of Salary you need to save to achieve your goal