Retirement Savings Calculator
Plan your solo retirement with confidence
Frequently Asked Questions
How accurate is this calculator?
This calculator uses standard future value and annuity formulas. It provides a reasonable estimate but assumes constant returns and consistent contributions. Actual market returns vary year to year. We recommend using this as a starting point and consulting a certified financial planner for a personalized retirement plan.
Does this include Social Security benefits?
No, this calculator focuses on personal savings and investments. Social Security benefits are not included because they vary significantly based on your work history, claiming age, and cost-of-living adjustments. You can estimate your Social Security benefits at the official SSA Retirement Estimator.
What if I live longer than my life expectancy?
This is a valid concern for solo agers. Consider setting your life expectancy to 95 or 100 to build in a safety margin. You can also explore annuities, which provide guaranteed income for life, through the National Association of Insurance Commissioners.
How do I factor in inflation?
A common approach is to use a "real" rate of return (nominal return minus expected inflation). For example, if you expect 6% nominal returns and 3% inflation, use 3% as your annual return rate. This gives you a more conservative, inflation-adjusted projection.
This calculator is for educational purposes only and does not constitute financial advice. Consult a certified financial planner for personalized guidance.