Can You Afford to Retire?

Find out if you're saving enough. See exactly how much you can spend each month without running out of money.

Your Information

$
45 years
65 years
90 years
Average is ~84 for 65-year-olds. Plan conservatively.
$
Your monthly benefit at age 67. Avg ~$2,000/mo. SSA Calculator
67 yrs → $2,000/mo
62: 70% | 67: 100% | 70: 124% of FRA benefit
5%
Conservative mix, bonds, dividend stocks
7%
Historical S&P 500: ~7% after inflation
3%
Long-term US average: 2-3%
$
How much you want to leave behind

Your Retirement Outlook

Safe Monthly Spending (Year 1)
$0
Increases with inflation each year
Total Savings at Retirement
$0
Years in Retirement
0
Total Investment Earnings
$0
Total Social Security
$0
Lifetime Money Flow
Savings at Retirement $0
+ Investment Earnings (retirement) $0
+ Social Security $0
- Total Spending $0
= Remaining (Legacy) $0

Methodology & Sources

Account Types

  • Cash/Brokerage: Available anytime without penalty
  • 401(k)/IRA: 10% early withdrawal penalty before 59½. IRS Rules. Rule of 55 allows penalty-free access at 55 if you leave your employer.

Social Security

  • Claiming at 62: 70% of FRA benefit (30% reduction)
  • Claiming at 67 (FRA): 100% of benefit
  • Claiming at 70: 124% of benefit (8%/year delayed credits)

SSA Reduction Rules

Understanding the Chart

  • Portfolio Balance (solid lines): Cash (green) and 401k/IRA (blue) balances over time
  • Monthly values (dashed, right axis): Spending, SS income, and investment earnings
  • Vertical markers show when 401k/IRA and SS become available

Important Disclaimers

This calculator provides estimates for educational purposes only. Consult a qualified financial advisor for personalized advice.