Retirement Income Gap Calculator

Will your retirement income cover the life you want?

Enter what you have saved, what you put in each month, and the income you expect. We'll project your monthly income at retirement and show the gap you still need to fill.

Example numbers shown. Replace them with your own.

About you

When you want to retire and what you want to live on.

Current ageyrs Retirement ageyrs Monthly income goal$/moSpendable, after tax, in today's dollars. Many families aim for 70–80% of what they take home now.

Taxable savings Taxed later

401(k), 403(b), 457(b), traditional IRA. Every dollar you take out is taxed.

Balance today$ You add$/mo Employer match$/mo

Tax-free savings Tax-free

Roth IRA, Roth 401(k), IUL cash value. Income you take out is not taxed.

Balance today$ You add$/mo

Guaranteed income

Monthly amounts you expect at retirement, in today's dollars.

Social Security$/moYour estimate is on your statement at ssa.gov/myaccount. Pension$/moCalSTRS, CalPERS, union, company Other income$/moRental, annuity, part-time

Assumptions

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Yearly growth%Average return on your savings Inflation%How fast prices rise each year Withdrawal rate%/yrShare of savings you take out per year Tax rate in retirement%Federal + California combined estimate

Monthly income gap

See breakdown ↓

Monthly income gap

$0/mo

Your goal

per month, after tax

Projected income

per month, after tax

Savings at retirement

Yearly gap

per year of retirement

Where your retirement income comes from

How to close the gap

Fill the gap with tax-free income

✓ Save tax-free

✕ Save in a taxed account

Tax-free income in retirement through properly structured policy loans
Tax-free growth while you save, with a 0% floor so market drops don't erase gains
Tax-free death benefit for your family

Your next steps

Save these numbersTake a screenshot of your results.
Gather your statementsLatest 401(k)/403(b) statement, Social Security estimate, pension estimate, and any Roth or life insurance statements.
Meet with usWe'll check every number, explain your options in plain language, and build a plan to close your gap.

NxtGen Equity2900 S. Harbor Blvd., Ste 225
Santa Ana, CA

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This calculator is for education only and shows hypothetical projections, not a guarantee of future results. Figures are in today's dollars, use the growth, inflation, withdrawal and tax rates you enter, and assume contributions rise with inflation. Social Security is estimated with up to 85% taxable. Actual returns, taxes and benefits will vary. Tax-free income from life insurance depends on policy design, funding and keeping the policy in force; loans reduce cash value and death benefit. NxtGen Equity does not provide tax or legal advice. Consult a qualified professional about your situation.