Retirement Paycheck Planner

OwnYourPension

Will your retirement income cover your retirement life?

Three steps. What you spend now, what that same life costs in the year you retire, and what your income sources will actually pay you then. The number that matters is the difference.

“OwnYourPension” is an educational brand name — not a pension provider. Annuities are insurance products, not employer or government pensions, and are not insured by the PBGC, the FDIC, or any government agency. Guarantees depend solely on the claims-paying ability of the issuing insurance company.

Step 1

Today

Annual figures, before tax. Round numbers are fine.

Household income now Wages, self-employment, everything.

Years until you retire 0 if you are retired already.

Essential spending now Housing, food, health care, insurance, transport, taxes.

Discretionary spending now Travel, hobbies, gifts, the fun money.

Inflation between now and then 3% is the long-run average.

Spending change at retirement Most people spend a little less. Use 0% for no change.

Total spending today—

Step 2

Income you will have then

Annual amounts in the dollars of your retirement year. If you only know today’s figure for Social Security, we will inflate it for you.

Social Security, you Today’s estimate from ssa.gov is fine.

Social Security, spouse 0 if not applicable.

Pension Annual benefit. Note if it does not adjust for inflation.

Annuity or other guaranteed income Income you already own, if any.

Part-time work or rent Income you expect to keep earning.

Retirement accounts (IRA, 401k, 403b) Balance today. We grow it, then draw the rate below.

Taxable and non-qualified accounts Brokerage, CDs, cash, deferred annuities.

Growth on those accounts until you retire Before withdrawals start.

Withdrawal rate once retired 4% is the common rule of thumb. It is only a rule of thumb.

Your income gap in year one of retirement

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Spending, retirement year one

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Income, retirement year one

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Of that, income you can count on

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See the full breakdown

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Educational estimate, not advice. No spam — unsubscribe anytime.

Want this checked against your real statements?

No pressure and no obligation. A OwnYourPension specialist will go through your actual numbers, show you where the gap really sits, and tell you if you do not need a product at all.

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About this estimate. Educational only, not advice, not a recommendation, and not a financial plan. Figures are before tax unless you enter after-tax amounts, and taxes in retirement can change the answer materially. Social Security, pension and other income you enter as today’s dollars are inflated to your retirement year at the rate you choose; a pension without a cost-of-living adjustment will not keep up, and this tool does not model that beyond year one. Account balances are grown at the rate you enter and drawn at the rate you enter; real markets do not deliver a steady rate, and the order of returns matters once withdrawals start. The lump sum shown to close an essential gap is a rough multiple, not a quote: real income annuity pricing depends on age, sex, state, product and current rates. Guarantees depend solely on the claims-paying ability of the issuing insurance company. OwnYourPension is an educational resource, not an insurance company; annuities are offered through licensed insurance agencies we work with, who are compensated by commission. OwnYourPension is affiliated with T&T Capital Management LLC, a registered investment adviser.