Retirement Income Planner

You can use this calculator to determine how much in retirement savings the taxpayer needs to achieve desired retirement income.

To open this calculator, click Calculators in the toolbar, and then click Retirement > Retirement Income Planner in the left panel.

You can export the data as a PDF file or clear all data that you entered. For more information, see Financial calculators.

Note: The amount in the Desired Periodic Withdrawal during Retirement field is usually the desired monthly retirement income.


A couple expects to have $250,000 at retirement. Will this provide them with the $2,800 per month that they hope to have during retirement?

Field Input
Desired periodic withdrawal during retirement $2,800
Withdrawals per year 12
Years of withdrawals 20
Annual inflation rate during retirement 1%
Annual rate of return 10%
Accumulated investment at retirement $250,000
Compounded Daily
Total investment at retirement needed $290,149

In this example, the results show that they will not have enough accumulated investment at retirement to meet their goal of $2,800 per month. They will need $313,706.00 at retirement to meet their goal.

Internal notes


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