Retirement Calculators

Thinking about retiring?

Do you a) have enough money now? b) will there be enough Social Security money coming in to help you out?

Smart Senior Daily has created several calculators to help you figure it all out.

Retirement affordability calculator

It isn't as easy "I'm 70 and just want to retire, and hope I'll be set for life." There's a number of factors as you'll see. Using our calculator below, plug in your numbers and see where you are, where you need to be, and where you want to be.

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Can I afford to retire?

6 questions · About 3 minutes · Your numbers stay private

About you

Your current age 62

Age you want to retire 67

Plan to live to age 90

Use 90 if unsure — it is better to plan long than run short

Your money

Monthly income in retirement $2,500

Include Social Security, pension, part-time work, rental income — everything coming in each month

Current savings & investments $250,000

401(k), IRA, brokerage accounts, savings — your total nest egg today

Monthly expenses in retirement $3,500

Housing, food, healthcare, transport, leisure — what you expect to spend each month

What if I made a change?

See how small adjustments affect your outcome

Delay retirement by 0 yrs

Reduce monthly expenses by $0

Add monthly savings until retirement $0

Monthly gap
(income vs. expenses)

Years savings
need to last

Annual drawdown
needed from savings

Estimated age
savings run out

Savings coverage

Your next steps

This calculator provides a general estimate for educational purposes only and is not financial advice. Results are based on simplified assumptions and do not account for inflation, investment returns, taxes, or changes in Social Security benefits. Please consult a qualified financial advisor before making retirement decisions. © Smart Senior Daily

With the shifting sands in Social Security's solvency, consistency of what you get month to month isn't guaranteed. This calculator gives you an idea (but you should still check with an investment professional).

Try it out now.

Smart Senior Daily

Social Security Break-Even Calculator

Find out when waiting to claim pays off — and when it doesn't

Your birth year 1958

Life expectancy 85

Annual COLA estimate 2.5%

Est. monthly benefit at 62 $1,400

Slide to explore, or type your actual SSA estimate · Get your estimate at SSA.gov

Claim at 62

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Claim at FRA

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Claim at 70

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Claim at 62 Claim at FRA Claim at 70

For illustration only. Results assume a fixed rate and do not account for taxes, earnings history, spousal benefits, or other individual factors. Consult SSA.gov or a qualified financial advisor before making claiming decisions. © Smart Senior Daily

RMD (required minimum distribution) calculator

If you have a traditional IRA, 401(k), or similar pre-tax retirement account, the IRS requires you to start withdrawing money at age 73 — whether you need it or not. These are called Required Minimum Distributions, or RMDs.

Miss your RMD and you face a penalty of up to 25% of the amount you should have withdrawn. Get it right and you can plan your withdrawals strategically, manage your tax bill, and make the most of what you've saved.

Use the calculator below to see exactly what you're required to withdraw this year — and how that number changes over time.

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Required Minimum Distribution Calculator

See what the IRS requires you to withdraw — and plan ahead

Your details

Your current age73

RMDs begin at age 73 under the SECURE 2.0 Act

Current IRA / 401(k) balance$500,000

Total of all traditional IRA and 401(k) accounts — not Roth accounts

Expected annual growth rate5.0%

Conservative: 3–4% · Moderate: 5–6% · Aggressive: 7%+

This year’s RMD

% of balance withdrawn

Next year’s RMD (est.)

Total withdrawn over 20 yrs

Annual RMD — next 10 years

Year-by-year breakdown — 20 years

Age	Annual RMD	Remaining Balance

What about a Roth IRA? Roth IRAs are not subject to RMDs during your lifetime — you can leave that money invested as long as you like or pass it to your heirs. Only traditional IRAs, 401(k)s, 403(b)s, and similar pre-tax accounts require mandatory withdrawals starting at age 73. Converting some of your traditional IRA to a Roth before age 73 can reduce your future RMDs.

This calculator uses the IRS Uniform Lifetime Table (2022 update) and is for educational purposes only. Your actual RMD is based on your prior year-end balance, not your current balance. Consult a tax advisor or financial planner for personalised guidance. © Smart Senior Daily