AI Retirement Calculator – Free, Personalized Retirement Plan
Retirement planning requires estimating how much income and savings will be needed after you stop working.
Inflation can significantly increase the cost of maintaining the same standard of living over a long retirement.
An AI retirement calculator uses financial assumptions to project those future requirements.
AI Retirement Calculator
Get a personalized retirement outlook with this AI Retirement Calculator, including your target savings, projected corpus, and potential funding gap.
We project your savings forward using your contributions and expected investment returns, then run hundreds of simulated market scenarios (a Monte Carlo simulation) with randomized year‑to‑year returns to see how often your money lasts through your full life expectancy. The share of scenarios that succeed becomes your probability of success.
Your age and household details help us estimate how long your retirement might last and what it will cost.
Used to roughly adjust for state taxes on retirement withdrawals.
401(k), IRA, and other savings are tracked separately because they're taxed differently in retirement.
This is one of the biggest levers in your plan — when you claim changes your monthly check for life.
Find your estimate at ssa.gov/myaccount.
Most calculators underestimate this. Think about your full lifestyle, not just the essentials.
We default this to about 80% of your final salary — adjust as needed.
These drive the Monte Carlo simulation and the chart below — pick a preset or set your own, and hover any ? for details.
Changing any assumption above updates the readiness score, chart, and cash-flow table in the results section below in real time.
When you retire at age 65, you may have a retirement savings balance of $0. Estimated monthly retirement income of:
| Retirement portfolio | $0 |
| Social Security income | $0/yr |
| Pension income | $0/yr |
| Total retirement income | $0/yr |
| Required income | $0 |
| Expected income | $0 |
| Gap | $0 |
| Age | Balance | Income | Expenses |
|---|
Current plan
Scenario
How Long Will $1.2 Million Last In Retirement?
Wondering if $1.2 million is enough for retirement? See how your spending, withdrawals, investment returns, inflation, and retirement age can affect how long your savings may last.
Calculate NowHow to Use the AI Retirement Calculator
| Section | What to Enter |
|---|---|
| Step 1: Tell us about yourself | Enter your age, marital status, state of residence, retirement age, and life expectancy. |
| Step 2: Income & savings | Add your salary, retirement accounts, monthly contributions, employer match, and other investments. |
| Step 3: Social Security & pension | Enter your estimated Social Security benefit, claiming age, and any expected pension income. |
| Step 4: Retirement spending | Estimate your annual retirement expenses and adjust your inflation assumption if needed. |
| Step 5: Advanced assumptions | Choose an investment profile or customize your expected returns and withdrawal rate. |
| Review your results | Analyze your retirement score, success probability, projected income, income gap, charts, and cash-flow projections. |
| Compare scenarios | Test different retirement strategies to see how changes affect your retirement outlook. |
Use the Compare Scenarios tool to test different retirement strategies before making real-world decisions.
Small changes, such as
- Delaying retirement
- Increasing monthly savings
- Postponing Social Security benefits, or
- Reducing spending can significantly improve your projected retirement outcome.
Want To Retire At 45?
Find out how much you may need to save, what to prioritize, and the strategies that can help you reach financial independence earlier.
See The Retirement PlanHow Much Do I Need to Retire?
If you’re wondering how much you and I would need to retire comfortably, there really isn’t one perfect number.
It depends on
- Where you live
- Health
- How you want to spend your retirement, and
- How much income you’ll have from Social Security or other sources.
Here is a rough estimate if you want numbers:
| Retirement Lifestyle | Annual Spending | Approx. Savings Needed* |
|---|---|---|
| Modest | $40,000 | $1.0M |
| Comfortable | $60,000 | $1.5M |
| Comfortable + travel | $80,000 | $2.0M |
| High-spending | $100,000 | $2.5M |
| Very comfortable | $120,000 | $3.0M |
So instead of asking, “Do I need $1.7 million or $2 million?”, I’d recommend you ask how much you actually want to spend each month after you retire.
What To Do 3 Months Before Retirement?
Retirement is almost here. Make the next 90 days count with key steps for your finances, Social Security, healthcare, budget, and final retirement preparations.
See Your 90-Day Checklist →Am I On Track for Retirement?
Again, there is no fixed answer for that, as different individuals have different situations.
But you can use these numbers as a simple starting point to see where you stand, but remember that everyone’s retirement goals are different.
| Age | Suggested Retirement Savings | If Income Is $75k | If Income Is $100k | If Income Is $150k |
|---|---|---|---|---|
| 30 | 1× income | $75k | $100k | $150k |
| 40 | 3× income | $225k | $300k | $450k |
| 50 | 6× income | $450k | $600k | $900k |
| 60 | 8× income | $600k | $800k | $1.2M |
| 67 | 10× income | $750k | $1.0M | $1.5M |
If you are not exactly where you should be yet, that doesn’t mean you’re off track forever.
You can still adjust how much you save, when you retire, or how you plan to spend in retirement.
How Much Should I Save for Retirement Each Month?
A good starting target is to save 15% of your gross income for retirement each month, including your employer match.
If you earn $60,000 per year, a 15% savings rate means setting aside about $9,000 annually, or roughly $750 per month.
| Annual Income | 15% Per Year | Monthly Retirement Saving |
|---|---|---|
| $40,000 | $6,000 | $500/mo |
| $50,000 | $7,500 | $625/mo |
| $60,000 | $9,000 | $750/mo |
| $75,000 | $11,250 | $938/mo |
| $100,000 | $15,000 | $1,250/mo |
| $150,000 | $22,500 | $1,875/mo |
| $200,000 | $30,000 | $2,500/mo |
If saving 15% isn’t realistic for you right now, that’s okay.
Start with what you can afford and try to contribute enough to receive your full employer match. As your income increases, you can gradually increase how much you save.
The amount you need ultimately depends on your age, current savings, income, desired retirement age, and the lifestyle you want in retirement. If you start saving later or want to retire early, you may need to save more.
But the most important thing is to start saving consistently and increase your contributions when you can.
AI Retirement Calculator vs. Traditional Retirement Calculator
| Feature | Traditional | AI-Powered |
|---|---|---|
| Inputs | Basic financial details | Basic + more personal details |
| Calculations | Fixed formulas | Dynamic analysis |
| Scenarios | Limited | Easy to explore |
| Personalization | Low | Higher |
| Results | Numbers and projections | Numbers + explanations |
| Best for | Quick estimates | Personalized planning |
An AI retirement calculator can make retirement planning more personalized and easier to explore, while a traditional calculator is often better for a simple, straightforward estimate.
Both depend on the assumptions you provide, such as inflation, investment returns, expenses, and retirement age, so you should treat the results as estimates rather than guarantees.
AI Retirement Savings Planner FAQs
There’s no single amount everyone needs to retire, as your target depends on your expenses, retirement age, lifestyle, and other income.
A common benchmark is to have about 1x your annual income saved for retirement by age 30.
A common benchmark is to have about 3x your annual income saved for retirement by age 40.
A common benchmark is to have about 6x your annual income saved for retirement by age 50.
Yes, you can retire at 60 if your savings and other income can cover your expenses throughout retirement.
Yes, you can retire at 65 if you have enough savings and income to cover your expected expenses throughout retirement.
Retirement calculators provide estimates rather than guarantees, as their results depend on assumptions about returns, inflation, spending, and longevity.
