Retirement planning
How Much Income Can Your Savings Replace?
How to estimate the monthly income your savings may replace, and why the answer depends on withdrawal rates, expenses, and time horizon.
Planning tool
Try the Retirement Freedom Planner
Estimate what your current savings could provide in monthly income, practical expense coverage, and long-term growth snapshots.
Use a conservative starting point
- Estimate income using a modest annual withdrawal assumption.
- Turn the annual estimate into a monthly number.
- Treat the result as an educational estimate, not a promise.
Compare against the income gap
- Identify monthly expenses not already covered by other income.
- Review whether savings income covers all, part, or very little of that gap.
- Consider what expenses could be lowered before increasing withdrawals.
Keep flexibility in the plan
- Market returns, inflation, and life expectancy can all affect outcomes.
- A slower withdrawal pace may leave more room for future expenses.
- Guaranteed income options may be worth learning about in some plans.