Financial Calculator

How Long Will My Savings Last in Retirement?

With increased longevity and medical advancements, many retirees are concerned about the possibility of outliving their savings.

Our savings in retirement calculator can help determine how long your total income (retirement savings, Social Security payments, company or private pension, investments, and other supplementary income) will last during retirement.

I'm retired, how long will my savings last?

Savings In Retirement Calculator

We're here to help you better understand your total income and expenses in retirement.


  • Income Needs
  • Social Security
  • Pension
  • Other Income
  • Savings

Step of 5

What are your retirement income needs?

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Please enter a number 0 - 10.
0% 10%

Looking at Social Security.

Please enter a valid dollar amount.
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0% 10%

Let's talk about pensions.

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0% 10%

Do you have other income?

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0% 10%

Let's talk about your savings.

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-12% 12%

The results are hypothetical based on your input. Your actual results will vary. Any rates of return used are for illustrative purposes only and does not represent performance of any actual financial vehicle/strategies.

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Make your savings last

One way to make your savings last longer is to reduce your fixed expenses. For many people, their largest expense is their mortgage. Consider downsizing to reduce mortgage and property tax costs. Smaller homes also mean lower costs for utilities and insurance.

Manage sequence of returns risk

Financial professionals recommend that recent retirees should withdraw no more than 4% of their portfolio in the first few years of retirement to avoid what is known as "sequence of returns risk". Studies show that the order of market returns matters greatly, and the first few years of retirement are critical. If you experience a down market or are forced to make large withdrawals early in your retirement, you increase the odds of failure.

Needs vs. Wants

Understand the difference between what you absolutely need to pay for—food, housing, healthcare—and more discretionary “wants”—like vacations, cars, and eating out. Most people’s incomes will drop in retirement, and you may have to reassess your expectations and habits to ensure that you won’t run out of money.

Other tips for stretching your nest egg

Maximize social security

If you delay your retirement, your payment percentage can increase up to 8% annually, depending on year of birth.1

Watch your health

Paying off your mortgage? Worried about future healthcare costs? Different goals and different time tables require different strategies.

Protect your assets

Keep your nest egg safe from loss by protecting them with proper insurance, such as life insurance and other products.

Want help with preserving your savings in retirement?

Connect with a financial professional