RETIREMENT · PLANNING

Retirement Planner

Get a retirement readiness score and detailed gap analysis. See how your current savings, expected Social Security, and monthly expenses stack up against a 30-year retirement.

LAST REVIEWED · APR 08, 2026 · BY A. CHEN, CFP®
You need
76%
Your SituationReset
Current age
35 yrs
2070
Retirement age
65 yrs
5080
Annual income
$85,000
$20K$500K
Current savingsAll retirement accounts
$50,000
$0$3M
Monthly expensesIn retirement
$4,000
$1K$20K
Social SecurityExpected monthly benefit
$2,000
$0$5,000
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How the retirement planner works

This planner runs a gap analysis: it projects what you’ll have versus what you’ll need. Your current savings grow at 7% until retirement age, Social Security provides a monthly baseline, and your expenses define the target. The gap is what’s left uncovered.

The readiness score

Your score is a percentage of total retirement needs covered by projected savings plus Social Security. 80+ means you’re on track. 50–79 means you need to save more or adjust expectations. Below 50 requires significant changes.

How to close the gap

  • Increase monthly savings by even 5–10%
  • Delay retirement by 2–3 years (compounds dramatically)
  • Reduce expected expenses (downsizing, relocating)
  • Delay Social Security claiming to increase monthly benefits
Methodology. Projects current savings at 7% annual return to retirement age, adds Social Security income over a 30-year retirement period, and compares against projected expenses. Readiness score = (total available / total needed) × 100, capped at 100. Additional savings needed calculated using future value of annuity formula.

Sources

  • Average retirement length: 30 years (Society of Actuaries)
  • Historical average stock/bond return: 7% nominal (Ibbotson SBBI)
  • Social Security Administration — Retirement Benefits Estimator
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Frequently asked questions

What assumptions does this planner make? +
7% nominal return on investments, 30-year retirement, constant expenses (no inflation adjustment), and Social Security at the amount you enter. For a more conservative estimate, reduce the return rate mentally by 2–3%.
Should I include my home equity? +
Only if you plan to downsize or sell. Most financial planners exclude primary residence from retirement assets unless there’s a concrete plan to monetize it.
How accurate is the readiness score? +
It’s a directional indicator, not a precise prediction. Markets, health costs, and tax policy will all vary. Use it to gauge whether you’re roughly on track and where to focus.
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