Retirement Gap Calculator

Gap Analysis

Expected Monthly Expenses in Retirement ($)

Expected Monthly Social Security ($)

Expected Monthly Pension ($)

Other Monthly Income ($)

Current Retirement Savings ($)

Years to Retirement

Expected Years in Retirement

Expected Return (%)

Gap Closing Strategies

Annual Retirement Income Gap ($)

Years to Retirement

Expected Return (%)

Possible Delay Retirement (years)

Possible Expense Reduction (%)

Possible Part-Time Annual Income ($)

Formula

Gap = Monthly Expenses − (Social Security + Pension + Other Income); Savings Needed = Annual Gap / Withdrawal Rate

Frequently Asked Questions

What is a retirement gap?

A retirement gap is the difference between your expected retirement expenses and your projected retirement income from all sources (Social Security, pensions, investments). A gap means you'll need additional savings or income.

How can I close my retirement gap?

Common strategies include: saving more now, delaying retirement, reducing planned expenses, working part-time in retirement, downsizing your home, or adjusting your investment strategy for potentially higher returns.

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