Retirement Income Gap

Estimate how much monthly income an annuity could cover after Social Security, pensions, other income, inflation, and a sustainable draw from savings.

Inputs

Use monthly amounts and long-run assumptions to see today's gap and a future gap.

Monthly expenses you want covered

Monthly guaranteed income (Social Security, pensions, etc.)

Other reliable income (rental, part-time, etc.)

Years until/through retirement to model

Expense inflation (%)

Income COLA (%)

Savings withdrawal rate (%/yr)

Savings earmarked for income ($)

Savings support (auto)

Estimated monthly gap today

$2,000

Covers current shortfall before inflation and COLA. Consider filling this with guaranteed income.

Estimated monthly gap in 15 yrs

$3,178.71

Future expenses (inflation) vs income (COLA) minus sustainable draw from savings. This is the target for annuity quotes.