Retirement Income Gap Calculator
Add up Social Security, pensions, part-time income and portfolio withdrawals to see whether they cover your retirement spending goal.
Your numbers
- Total projected income
- $64,000
- Portfolio income
- $28,000
- Extra savings needed to close gap
- $525,000
- Social Security
- Pension
- Other
- Portfolio
- Goal
How the retirement income gap calculator works
Portfolio income = balance × withdrawal rate. Gap = desired income − all income sources. Extra savings needed = gap ÷ withdrawal rate.
Example
Using the default inputs (Desired annual income: $85,000; Social Security (annual): $30,000; Pension (annual): $0.00; Other income (annual): $6,000; Investment portfolio: $700,000; …), the calculator returns annual income gap of $21,000. Change any field above to see your own result and charts update instantly.
Good for these goals
Frequently asked questions
How do I close a gap?
Delay claiming Social Security, work longer, save more, reduce expenses or consider a part-time income.
Should spending be flat?
Many retirees spend less in later years, but healthcare costs can rise.
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Estimates are for educational purposes only and are not financial, tax or legal advice. Results depend on your inputs and simplified assumptions; tax figures reflect 2026 federal rules and may differ from your situation. See our disclaimer. © 2026 FinanzCalc.