Financial Life Simulator
Enter your age, saving rate, retirement plans and life expectancy.
Pot at retirement
β
Enter values above
Age the money runs out
β
Years of retirement funded
β
Total contributed
β
Total investment growth
β
Shortfall at life expectancy
β
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Current age | 30 |
| Retirement age | 65 |
| Current savings ($) | 50000 |
| Monthly saving ($) | 1000 |
| Return before retirement (%) | 7 |
| Return in retirement (%) | 4 |
| Desired retirement income ($/year) | 40000 |
| Life expectancy | 90 |
| Result | Value |
|---|---|
| Pot at retirement | $2,376,362 |
| Age the money runs out | Not within life expectancy |
| Years of retirement funded | 25 of 25 years |
| Total contributed | $470,000 |
| Total investment growth | $1,906,362 |
| Shortfall at life expectancy | $0 |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Financial Life Simulator
- Current age β default 30
- Retirement age β default 65
- Current savings ($) β default 50000
- Monthly saving ($) β default 1000
- Return before retirement (%) β default 7
- Return in retirement (%) β default 4
- Desired retirement income ($/year) β default 40000
- Life expectancy β default 90
- Press Calculate to update the results instantly.
Frequently asked questions
Because spending in retirement does not compound while the withdrawals do. Taking a fixed $40,000 a year from a pot growing at 4% depletes it much faster than the growth rate suggests.
Yes for real planning. Either use a real (post-inflation) return such as 4%, which keeps everything in today's money, or add inflation to the withdrawal each year.
The saving rate before retirement. Raising monthly saving early has a bigger effect than any realistic increase in investment return, because it adds both capital and time.