I’m retired, how long will my savings last?

Making your savings last is essential in retirement. Find out how far you can stretch your nest egg if you make regular withdrawals.

Why use this calculator?

Once you hit retirement, the hope is that you will get to kick back and enjoy your hard-earned savings. But you’ll enjoy your downtime a lot more and a lot longer if you manage your withdrawals smartly.

To give yourself the best chance of outliving your money, financial experts recommend you withdraw no more than 4% of your total nest egg every year.

This calculator can help you figure out how long your retirement savings will last with regular withdrawals.

If you find your nest egg isn’t quite large enough to afford those withdrawals, there are still things you can do to stretch the assets you have accumulated. For instance, you might:

  • Take a full- or part-time job in retirement.
  • Get money from your home. If you are age 62 or older, you can convert your home equity into tax-free retirement income by taking a reverse mortgage. But make sure you do your research and know the risks first.
  • Move to a less expensive area.