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Retirement

Retirement Savings Gap Calculator

Measure how much additional savings you may need by retirement.

Best used for

Models your current plan in plain English.

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Retirement

Retirement Savings Gap Calculator

Measure how much additional savings you may need by retirement.

Snapshot
You may need about $155,587 more to fully fund retirement readiness.
Your projected balance at age 62 is $2,094,413 versus a target of $2,250,000.
Projected balance
$2,094,413
Target portfolio
$2,250,000
Your Numbers
Current age
Used to estimate your planning horizon.
40
Retirement age
The age you want full-time work to become optional.
62
Total invested assets today.
$
How much you plan to invest every month.
$
Annual return
Nominal annual portfolio growth assumption.
6.8
Expected annual spending in retirement.
$
Choose the planning rule you want to use.
Results
You may need about $155,587 more to fully fund retirement readiness.
Your projected balance at age 62 is $2,094,413 versus a target of $2,250,000.
Projected balance
$2,094,413
Target portfolio
$2,250,000
Funding gap
$155,587
Time horizon
22 years

Projection outlook

See how the modeled path evolves over time under the current assumptions.

Projected balance
Total contributions
Target line

Optimistic currently leads conservative by about $1,734,336.

Important findings
What the current inputs suggest
Your projected balance at age 62 is $2,094,413 versus a target of $2,250,000.
What changes the result most
Optimistic currently leads conservative by about $1,734,336, so the outcome is meaningfully sensitive to your assumptions.
How to use this result
Use the headline to frame the decision, then check the supporting metrics and timeline before acting. The output is strongest as a planning tool, not as a guarantee.

How it works

The calculation, without the clutter

1

WealthyNest uses reusable finance formulas for compounding, withdrawal targets, and cash-flow projections.

2

Each tool pairs those formulas with calculator-specific assumptions and a concise summary.

Where this tool is most useful

Households can use this tool to quantify how much more saving or time they may need before retirement.

Key assumptions

What to sanity-check

  • Returns are smoothed estimates and do not reflect real-world market volatility.
  • All figures are in today's dollars unless the calculator is explicitly modeling inflation adjustments.
  • This tool is intended for planning, education, and comparison rather than certainty.

Companion guide

How much do I need to retire?

A practical approach to estimating your retirement number without overcomplicating the first pass.

Read the guide

FAQ

Common questions

Are these outputs guarantees?

No. They are planning estimates based on your assumptions and should be updated as markets, taxes, and spending change.

Do these calculators replace professional advice?

No. They are a strong planning starting point, but tax, legal, and investment decisions should be reviewed with a qualified professional when appropriate.

How often should I revisit my inputs?

A good rule is to revisit assumptions after major income, spending, family, tax, or market changes and at least a few times per year.

Why do the optimistic and conservative scenarios matter?

They help you see how sensitive the result is to assumptions instead of anchoring on one exact output.

Retirement Savings Gap Calculator | WealthyNest