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Retirement & Planning

Retirement Pension Planner Calculator

Plan your retirement with a company pension, find out if you are on track - and learn how to stay there.

Inputs
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%
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Estimates only. Adjust any value to recalculate instantly.

Results
Total annual retirement income $70,167 $5,847.29/month from all sources
From savings $25,767
Pension $21,600
Social Security $22,800
Guaranteed share 63%
Sources of retirement income
Sources of retirement income Savings: $26kPension: $22kSocial Security: $23k
  • Savings $26k
  • Pension $22k
  • Social Security $23k
Savings balance Savings
Savings balance: Savings $394k$296k$197k$99k$0 Yr 1Yr 6Yr 11Yr 16Yr 21Yr 26

A pension and Social Security provide 63% of your income here as guaranteed, inflation-resistant payments — covering essentials and letting your savings handle the rest. Few retirees still have a pension, which makes it especially valuable.

Savings drawdown by yearView table
YearDrawn from savingsEarningsBalance
1$25,767$20,000$394,233
2$25,767$19,712$388,177
3$25,767$19,409$381,818
4$25,767$19,091$375,142
5$25,767$18,757$368,131
6$25,767$18,407$360,770
7$25,767$18,039$353,041
8$25,767$17,652$344,926
9$25,767$17,246$336,405
10$25,767$16,820$327,458
11$25,767$16,373$318,063
12$25,767$15,903$308,199
13$25,767$15,410$297,841
14$25,767$14,892$286,966
15$25,767$14,348$275,547
16$25,767$13,777$263,557
17$25,767$13,178$250,967
18$25,767$12,548$237,748
19$25,767$11,887$223,868
20$25,767$11,193$209,294
21$25,767$10,465$193,991
22$25,767$9,700$177,924
23$25,767$8,896$161,052
24$25,767$8,053$143,337
25$25,767$7,167$124,737
26$25,767$6,237$105,206
27$25,767$5,260$84,699
28$25,767$4,235$63,167
29$25,767$3,158$40,558
30$25,767$2,028$16,818

How the retirement pension planner calculator works

It converts your savings into a sustainable annual income, then adds your pension and Social Security to show total retirement income and how much of it is guaranteed.

Worked example

Worked example: with savings at retirement of $400,000, years in retirement of 30 and return during retirement of 5.00%, the retirement pension planner calculator shows total annual retirement income of $70,167.

From savings
$25,767
Pension
$21,600
Social Security
$22,800
Guaranteed share
63%
How it scales
Savings at retirementTotal annual retirement income
$200,000$57,284
$400,000$70,167
$800,000$95,935
$1,500,000$141,028

The formula

Income from savings = balance annuitized over the retirement years; total = that + pension + Social Security.

Results are estimates for educational purposes and are not financial advice. Confirm exact figures with your lender, plan administrator or advisor.

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Frequently asked

Questions about the retirement pension planner calculator

How does a pension fit into my retirement income?

It provides guaranteed lifetime income that, with Social Security, can cover essential expenses — letting your personal savings focus on extras and flexibility.

Why is guaranteed income valuable?

Pensions and Social Security do not run out or fall in a market crash, so they reduce the risk of outliving your money. A higher guaranteed share means a more secure retirement.

What if I don’t have a pension?

Most workers no longer do, which puts more weight on savings and Social Security. Some retirees buy an annuity to create pension-like guaranteed income.

Is the Retirement Pension Planner Calculator free to use?

Yes. Every calculator on FinCalculators is completely free, with no sign-up, login or paywall. You can run as many scenarios as you like.

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