Wondering whether your retirement income actually covers your bills? Use the free calculator below to add up what comes in each month — Social Security, a pension, savings withdrawals, and any other income — against what you spend by category. In about two minutes you’ll see whether you have money left over, a monthly gap, or you’re right on the edge — plus concrete next steps to close a gap. Nothing is stored, and no sign-up is required.
Does Your Retirement Income Cover Your Expenses?
Add up the money coming in each month and what you spend — and see at a glance whether you have money left over, a monthly gap, or you’re right on the edge. If there’s a gap, we’ll show you concrete ways to close it.
- ✔ No sign-up required
- ✔ No personal information stored
- ✔ 100% free
A monthly estimate to help you plan — not financial advice.
Money coming in each month
Enter your typical monthly income from each source. Leave anything that doesn’t apply at $0.
Your monthly benefit after any Medicare premium is taken out — the amount that actually lands in your account.
A monthly pension, annuity, or other guaranteed payment. Leave at $0 if you don’t have one.
What you take out of a 401(k), IRA, or savings in a typical month to live on.
Part-time work, rental income, a side gig, or family support — anything else that comes in monthly.
Money going out each month
Enter roughly what you spend in each area per month. For bills that come once or twice a year (like property tax or insurance), divide by 12 and enter the monthly share. A round estimate is fine.
Rent or mortgage, property tax, HOA.
Electric, gas, water, internet, phone.
Groceries and eating out.
Medicare/supplement premiums, medications, copays.
Car payment, gas, auto insurance, transit.
Credit cards and loans (not your mortgage).
Home & life insurance, personal care, entertainment, gifts, pets.