When Can I Retire Calculator
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Optimize Your Retirement - When Can I Retire?
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Instructions: Fill in your specific data in the yellow cells only. The green cell below shows the age at which you can retire.
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AssumptionsInputs
Explanation
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Your Current Age50 $ 10,000 $ 500 $ 25,000 1
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Expenses in Retirement $ 50,000
The amount of expenses you expect annually in retirement.
$ 45,500 $ 2,275 $ 25,000 2
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Rate of Inflation3%
The % you expect inflation to be going forward.
$ 82,775 $ 4,139 $ 25,000 3
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Current Portfolio Value $ 500,000
The amount you have saved in retirement or taxable accounts.
$ 121,914 $ 6,096 $ 25,000 4
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Investment Return5%
The rate you expect your investments to yield from today on.
$ 163,009 $ 8,150 $ 25,000 5
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Annual Principal Additions $ 10,000
Amount you expect to save annually from now until retirement.
$ 206,160 $ 10,308 $ 25,000 6
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Years in Retirement25
The number of years you expect to be in retirement.
$ 251,468 $ 12,573 $ 25,000 7
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$ 299,041 $ 14,952 $ 25,000 8
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$ 348,993 $ 17,450 $ 25,000 9
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$ 401,443 $ 20,072 $ 25,000 10
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Calculation $ 456,515 $ 22,826 $ 25,000 11
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Lump Sum $ 1,001,967
Amount you need to retire represented as a lump sum.
$ 514,341 $ 25,717 $ 25,000 12
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Current Retirement Shortfall
$ 501,967
Additional amount you need to save prior to retiring.
$ 575,058 $ 28,753 $ 25,000 13
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When Can I Retire?62
Congrats, you can retire at 62 and live off your portfolio!
$ 638,811 $ 31,941 $ 25,000 14
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$ 705,751 $ 35,288 $ 25,000 15
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$ 776,039 $ 38,802 $ 25,000 16
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$ 849,841 $ 42,492 $ 25,000 17
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Resources $ 927,333 $ 46,367 $ 25,000 18
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Personal CapitalThe first step in securing your financial future is to sign up with Personal Capital. It's a completely free tool that I recommend to everyone. $ 1,008,700 $ 50,435 $ 25,000 19
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LendingTreeI believe that retirees SHOULD carry a mortgage in retirement to optimize their finances. Make banks compete for your business so that you can get the best rate. $ 1,094,135 $ 54,707 $ 25,000 20
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RealtySharesThe best real estate investment option in 2017. $ 1,183,841 $ 59,192 $ 25,000 21
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$ 1,278,033 $ 63,902 $ 25,000 22
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$ 1,376,935 $ 68,847 $ 25,000 23
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$ 1,480,782 $ 74,039 $ 25,000 24
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For more information, you can email me at matt@optimizeyourretirement.com or see the associated post: $ 1,589,821 $ 79,491 $ 25,000 25
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$ 1,704,312 $ 85,216 $ 25,000 26
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$ 1,824,528 $ 91,226 $ 25,000 27
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www.optimizeyourretirement.com/when-can-i-retire $ 1,950,754 $ 97,538 $ 25,000 28
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$ 2,083,292 $ 104,165 $ 25,000 29
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$ 2,222,456 $ 111,123 $ 25,000 30
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$ 2,368,579 $ 118,429 $ 25,000 31
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$ 2,522,008 $ 126,100 $ 25,000 32
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$ 2,683,108 $ 134,155 $ 25,000 33
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$ 2,852,264 $ 142,613 $ 25,000 34
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$ 3,029,877 $ 151,494 $ 25,000 35
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$ 3,216,371 $ 160,819 $ 25,000 36
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$ 3,412,189 $ 170,609 $ 25,000 37
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$ 3,617,799 $ 180,890 $ 25,000 38
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$ 3,833,689 $ 191,684 $ 25,000 39
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$ 4,060,373 $ 203,019 $ 25,000 40
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$ 4,298,392 $ 214,920 $ 25,000 41
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$ 4,548,312 $ 227,416 $ 25,000 42
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$ 4,810,727 $ 240,536 $ 25,000 43
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$ 5,086,264 $ 254,313 $ 25,000 44
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$ 5,375,577 $ 268,779 $ 25,000 45
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$ 5,679,356 $ 283,968 $ 25,000 46
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$ 5,998,323 $ 299,916 $ 25,000 47
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$ 6,333,239 $ 316,662 $ 25,000 48
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$ 6,684,901 $ 334,245 $ 25,000 49
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$ 7,054,147 $ 352,707 $ 25,000 50
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$ 7,441,854 $ 372,093 $ 25,000 51
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$ 7,848,947 $ 392,447 $ 25,000 52
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$ 8,276,394 $ 413,820 $ 25,000 53
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$ 8,725,214 $ 436,261 $ 25,000 54
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$ 9,196,474 $ 459,824 $ 25,000 55
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$ 9,691,298 $ 484,565 $ 25,000 56
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$ 10,210,863 $ 510,543 $ 25,000 57
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$ 10,756,406 $ 537,820 $ 25,000 58
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$ 11,329,226 $ 566,461 $ 25,000 59
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$ 11,930,688 $ 596,534 $ 25,000 60
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$ 12,562,222 $ 628,111 $ 25,000 61
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$ 13,225,333 $ 661,267 $ 25,000 62
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$ 13,921,600 $ 696,080 $ 25,000 63
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$ 14,652,680 $ 732,634 $ 25,000 64
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$ 15,420,314 $ 771,016 $ 25,000 65
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$ 16,226,329 $ 811,316 $ 25,000 66
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$ 17,072,646 $ 853,632 $ 25,000 67
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$ 17,961,278 $ 898,064 $ 25,000 68
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When Can I Retire?