Retirement Income Planner
Combine pensions, Social Security, withdrawals, and other income sources to estimate your total retirement income.
Guaranteed income
Portfolio withdrawals
Other income & options
Retirement income formulas
1. Guaranteed income
Guaranteed income =
Pension
+ Social Security
+ Other guaranteed sources
2. Portfolio withdrawals
Annual withdrawal =
Portfolio balance × (Withdrawal rate ÷ 100)
3. Total retirement income
Total income =
Guaranteed income
+ Portfolio withdrawals
+ Rental income
+ Part‑time income
The planner combines all income sources to estimate your total retirement income.
How to use this retirement income estimate
Retirement income planning is about matching your spending needs with reliable income sources. This tool helps you see how your pension, Social Security, withdrawals, and other income streams combine to support your lifestyle.
Aim for stability and flexibility
- Guaranteed income provides stability and reduces reliance on markets.
- Portfolio withdrawals add flexibility but require careful planning.
- Rental or part‑time income can cushion against inflation or unexpected costs.
Worked example
Suppose you have $30,000 in pension income, $24,000 in Social Security, $5,000 in other guaranteed income, a portfolio of $800,000 with a 4% withdrawal rate, and $12,000 in rental income:
- Portfolio withdrawals = 800,000 × 0.04 = $32,000.
- Guaranteed income = 30,000 + 24,000 + 5,000 = $59,000.
- Total income = 59,000 + 32,000 + 12,000 = $103,000.
Compare this total to your expected retirement spending to see whether your plan is on track.
Frequently Asked Questions
Does this model taxes?
No. This version focuses on gross income. Use tax‑aware tools to refine your plan.
How should I choose a withdrawal rate?
Many retirees start around 3–4% and adjust based on risk tolerance, time horizon, and other income sources.
Can I export my income plan?
Yes. Use Export CSV to download a snapshot you can store or share.
Is this financial advice?
No. It’s an educational tool. Talk with a financial professional for personalized planning.
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Information on this site is for educational purposes only and is not financial, tax, or legal advice. Calculations are estimates and may not reflect actual results. See our Privacy Policy and Disclaimer.