Retirement Planning (Couples) Calculator
Project your combined retirement savings from two incomes. See your total nest egg, sustainable withdrawal income, and whether you're on track for your desired retirement lifestyle.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Results
Projected Nest Egg
$2,575,555.00
≈ 6 average U.S. homes
4% Rule Monthly Income
$8,585.18
≈ 9 smartphones
How to Use This Calculator
- Enter each partner current age, retirement age, and current retirement savings.
- Set each partner annual contribution and expected investment return rate.
- Input estimated monthly retirement income needed in today dollars.
- Review the projected retirement nest egg and monthly income from savings.
- Identify any shortfall and adjust contributions or retirement age accordingly.
How the result changes with Target Retirement Age
| Target Retirement Age | Projected Nest Egg | 4% Rule Monthly Income |
|---|---|---|
| 35 | $155,210.00 | $517.37 |
| 48 | $642,610.00 | $2,142.03 |
| 63 | $2,214,644.00 | $7,382.15 |
| 75 | $5,358,937.00 | $17,863.12 |
What each input means
- Partner 1 Current Age
- Partner 1's current age.
- Partner 2 Current Age
- Partner 2's current age.
- Target Retirement Age
- Age at which the older partner plans to retire.
- Partner 1 Current Savings ($)
- Partner 1's current retirement savings (401k, IRA, etc.).
- Partner 2 Current Savings ($)
- Partner 2's current retirement savings.
- Partner 1 Monthly Contribution ($)
- Partner 1's monthly retirement contribution (including employer match).
- Partner 2 Monthly Contribution ($)
- Partner 2's monthly retirement contribution (including employer match).
- Expected Annual Return (%)
- Average annual investment return. Historical stock market average is ~7% after inflation.
- Expected Inflation (%)
- Assumed annual inflation rate for real-return calculations.
- Desired Monthly Retirement Income ($)
- How much monthly income you want in retirement (today's dollars).
- Partner 1 Est. Social Security ($/mo)
- Partner 1's estimated monthly Social Security benefit.
- Partner 2 Est. Social Security ($/mo)
- Partner 2's estimated monthly Social Security benefit.
What each result means
- Projected Nest Egg
- Combined projected retirement savings at your target retirement age.
- Partner 1 Savings at Retirement
- Partner 1's projected savings at retirement.
- Partner 2 Savings at Retirement
- Partner 2's projected savings at retirement.
- 4% Rule Monthly Income
- Sustainable monthly withdrawal using the 4% rule (plus Social Security).
- Years of Retirement Income
- How many years your savings will last at your desired withdrawal rate.
- Monthly Income Gap
- Shortfall (positive) or surplus (negative) vs your desired monthly income using 4% rule + Social Security.
- Years to Retirement
- Number of years until target retirement age.
- Total Contributions
- Total amount contributed by both partners over the remaining working years.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersPartner 1 Current Age = 35, Partner 2 Current Age = 33, Target Retirement Age = 65, Partner 1 Current Savings ($) = 85000 = 12 input(s) provided
- Calculate Projected Nest EggProjected Nest Egg = fvSavings1 + fvSavings2 + fvContrib1 + fvContrib22575555 = $2,575,555
- Calculate 4% Rule Monthly Income4% Rule Monthly Income = totalAtRetirement * 0.04 / 128585.18 = $8,585.18
- Calculate Partner 1 Savings at RetirementPartner 1 Savings at Retirement1623018 = $1,623,018
- Calculate Partner 2 Savings at RetirementPartner 2 Savings at Retirement952537 = $952,537
Engine last updated .
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