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Retirement Checkup Calculator

Are you concerned about how long your retirement savings may last? Take a few minutes to answer seven simple questions to discover your estimated retirement savings at age 65 and how long you may expect your funds to last.
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How We Help Calculate Your Future 

Our Retirement Checkup Calculator is a useful tool to help you evaluate when you might be able to retire, how much money you may need to retire and how long your retirement savings may last. This calculator uses your answers to a short series of questions to determine your Retirement Checkup Score (a number between 0 and 10), which can help you assess the effectiveness of your current retirement savings plan and decide if you need to make any adjustments. 

Our Calculator Assumptions

Various personal and financial factors can affect the longevity of your retirement savings, including your retirement age, the variability of your expenses in retirement, fluctuations in annual rates of return on your investments and future rates of inflation. While it’s impossible to predict what each of these will be in the future, it can be helpful to make some assumptions to project the possible longevity of your retirement savings. Keep in mind that this calculator does not address the effect of inflation on your retirement savings.

A few built-in assumptions are used to calculate your Retirement Checkup Score. Our Retirement Checkup Calculator assumes you will:

  • Retire at age 65
  • Live to age 95
  • Enjoy 30 years of retirement
  • Earn a fixed annual rate of return of 2.0% on your retirement assets — may include: 401(k), IRA, 403(b), etc.

Your Financial Data

Your Retirement Checkup Score is based on the following personal information you provide:

  • Your current retirement savings (total money from your checking, savings and investments)
  • The amount you plan to save each month going forward 
  • Remaining years between now and your retirement age of 65

Impact of Social Security Benefits

Your total retirement income includes Social Security, so our Retirement Checkup Calculator takes that into account. Your score includes your Social Security income, assuming a single monthly benefit amount based on the household salary you provide. 

We’re Here to Help Make Your Retirement Planning Easier

Even if you seem to be on track with your retirement planning and are comfortable with your projected income, it can be helpful to evaluate your savings strategies on an ongoing basis through regular checkups. You may even want to consult with a financial representative to get additional guidance.

Tailoring individualized planning to meet your goals and desires is one of our strengths. Whether it’s starting from scratch with a personalized needs analysis, reviewing your current investment portfolio or adjusting your savings plan as your life changes course, Western & Southern is here to partner with you to help you live out the kind of retirement you imagine.
Explore More About Retirement Planning
This information is intended to serve as a basis for your conversation with a financial representative. Calculations are based on the information you provided and assume a retirement age of 65, a life expectancy of age 95 and an annual return of 5.0% for retirement assets.

These calculators are designed to be informational and educational tools only, and do not constitute investment advice. You should consider the counsel of a financial services professional before making any type of investment or financial decision. We also encourage you to review your investment strategy periodically as your financial circumstances change. This module is hypothetical and is provided for illustration purposes only. It is not indicative of the performance of any specific investment product or strategy. The members of Western &  Southern Financial Group, Inc. (WSFG) are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools.  Furthermost, WSFG is not responsible for any human or mechanical errors or omissions. Securities contain risk and will fluctuate with changes in market conditions.

Securities offered by Registered Representatives through W&S Brokerage Services, Inc., member FINRA/SIPC. All companies are members of Western and Southern Financial Group.