Free Tool
The Retirement Calculator
Plug in a few numbers and see a clear projection of your retirement income — then test different scenarios.
What you can do
Project your monthly retirement income
Test 'what-if' scenarios — retire earlier, save more, claim later
See which lever moves your number the most
Save your inputs to revisit later
The calculator is for educational use. Projections are estimates and not guarantees of future results.
Retirement Readiness Score
A quick snapshot of how prepared you are today based on your savings, timeline, and goals.
Income Gap Analysis
See whether your projected retirement income covers your expected expenses — and by how much.
Personalized Next Steps
Get a short list of specific actions that could improve your retirement outlook, based on your answers.
Social Security Timing Insights
Understand how the age you claim Social Security could affect your lifetime income.
Tax Strategy Snapshot
Learn whether your current savings mix — pre-tax, Roth, and taxable — is set up to minimize taxes in retirement.
Your Retirement Timeline
Clarify how many working years you have left and whether your savings rate is pacing well for your target date.
See your numbers
The calculator takes just a few minutes and helps frame the bigger picture.
Retirement Savings Calculator
Plan your financial future with confidence
Your Retirement Outlook
Enter your details and press Calculate to see your outlook.
What if I….
Saved an extra $100 per month
Adds $100/month to your retirement contributions — calculate to see the impact.
Gave up daily coffee purchases
Adds ~$128/month to your retirement contributions — calculate to see the impact.
Skipped one restaurant visit per week
Adds ~$200/month to your retirement contributions — calculate to see the impact.
FAQ
Common questions about retirement
The questions we hear most often from people trying to figure out if their plan really works.
How do I know if I will have enough money to retire?
Compare your expected annual spending to your projected income — Social Security, any pension, and a sustainable withdrawal (often around 4%) from your savings. When income covers spending with a little room to spare, you're in a strong spot. The free Retirement Assessment walks you through it in about five minutes.
How much money do most people retire with?
Recent Federal Reserve data shows the average retirement savings for Americans aged 55–64 is around $538,000, with a median near $185,000. The encouraging part: your savings is only one piece of the picture — Social Security, home equity, and a thoughtful plan can stretch those dollars much further than the headline number suggests.
What is the most important thing to get right in retirement planning?
Building a plan that accounts for the full 25–30 years of retirement, including taxes, healthcare, and inflation. The good news is that once you have that bigger picture, most decisions get simpler — you just check each new choice against the plan rather than guessing.
Can I retire at 62 with $500,000?
Yes — many people do. At 62, $500,000 can generate roughly $1,500–$1,700/month using a 4% withdrawal, alongside early Social Security of around $1,400/month. With a reasonable lifestyle and a healthcare plan in place for the years before Medicare, it's a very workable starting point.
What is the difference between a retirement assessment and a retirement calculator?
The assessment gives you an at-a-glance readiness score across savings, income, and timing — so you know where you stand. The calculator lets you test specific scenarios and see what's possible. Most people enjoy starting with the assessment, then using the calculator to explore ideas.
Is Will We Have Enough free to use?
Yes — both the Retirement Assessment and the Retirement Calculator are completely free, with no obligation. The site exists to help you see your situation more clearly, whether or not we ever speak.
How It Works
What the Calculator Uses — and What You Get Back
Before you start, here's a quick look at what information the calculator uses and the kind of results it gives you. The whole process takes about 5 minutes.
What You'll Enter
Current retirement savings, annual income, monthly expenses, expected retirement age, and Social Security estimate. You can adjust these numbers at any time to explore different scenarios.
What the Calculator Does
It runs the numbers forward — projecting your savings growth, estimating how long your money may last, and flagging whether your current path appears on track or may need attention.
What You Get Back
A clear, plain-English summary of your retirement outlook: projected savings at retirement, estimated monthly income, and a simple read on whether you're likely on track — along with suggested next steps.
Common Questions
Good Questions About the Calculator
Here are a few things people often wonder before they start. If you have a question that isn't covered here, feel free to reach out.
How accurate is the calculator?
The calculator uses your real inputs to produce projections based on standard financial assumptions — things like average market returns and inflation. It won't predict the future, but it gives you a solid, honest baseline to work from. Think of it as a starting point for a conversation, not a guarantee.
What assumptions does it make?
The calculator applies reasonable long-term assumptions about investment growth and inflation. You'll be able to see those assumptions clearly and, in many cases, adjust them to reflect your own expectations or risk tolerance.
How do I interpret my results?
Your results will show whether your current savings trajectory appears likely to support your retirement goals. If the numbers look tight, that's not a reason to panic — it's a signal to explore options. The calculator will suggest possible next steps based on your results.
How is the calculator different from the Retirement Assessment?
The Retirement Calculator is number-focused — it takes specific financial inputs and projects them forward. The Retirement Assessment is broader: it asks about your overall retirement readiness across several areas (savings, income, health, plans) and gives you a qualitative picture of where you stand. Many people find it helpful to use both.
Do I need to create an account or share personal information?
No account is required. You can use the calculator without signing up. If you'd like to save your results or schedule a follow-up conversation with Scott, you'll have the option to share your contact information — but it's completely optional.
Ready to See Your Numbers?
It only takes a few minutes. Enter your savings, income, and goals — and the Retirement Calculator will show you a clear, honest picture of where you stand. No jargon. No pressure.
Want a fuller picture? The Retirement Assessment covers more ground — savings, income, lifestyle, and plans — and takes about 10 minutes.
Retirement Savings Calculator
Plan your financial future with confidence
Your Retirement Outlook
Enter your details and press Calculate to see your outlook.
What if I….
Saved an extra $100 per month
Adds $100/month to your retirement contributions — calculate to see the impact.
Gave up daily coffee purchases
Adds ~$128/month to your retirement contributions — calculate to see the impact.
Skipped one restaurant visit per week
Adds ~$200/month to your retirement contributions — calculate to see the impact.