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⚠️ Calculator Disclaimer

This calculator provides educational estimates based on the information you provide. Results are hypothetical projections and do not guarantee future performance. Actual pension amounts, Social Security benefits, and investment returns will vary. This tool does not constitute financial advice.

📊 Income Gap Calculator

Calculate your retirement income gap based on your personal retirement goals

Desired Monthly Retirement Income (Household)

Enter your total household goal. If including a spouse/partner, this is the combined amount you both want. Think about your lifestyle: housing, healthcare, travel, hobbies. Most households need $6,000-$10,000/month.

Coach Marty says: Don't know what to enter? A common rule of thumb is 70-80% of your combined final working salaries. For example, if you and your spouse make a combined $120,000/year, that's about $7,000-$8,000/month in retirement.

Your Years Until Retirement

Time horizon for growth

Your Estimated Monthly Pension

Use your state's teacher pension calculator (search: "your state teacher pension calculator") to get your estimate, then enter it here

Your Expected Monthly Social Security

Don't know your estimate? Go to SSA.gov to get it

Your Current Retirement Savings (403b, 457b, IRAs)

Enter 0 if starting fresh

Your Monthly Contribution

How much you're putting in each month (403b, 457b, IRAs combined). Enter 0 if not currently contributing.

Your Retirement Age

When you plan to retire

Plan for Living Until Age

Planning horizon for retirement (default is 95)

👫 Include spouse's income & pension? (common for dual-teacher households)

Coach Marty says: Many teacher couples overlook this — your spouse's pension and savings can close a huge chunk of the gap. Include their information to see your complete household retirement picture!

👫 Spouse's Information

Spouse's Years Until Retirement

Spouse's Estimated Monthly Pension

Use their state's teacher pension calculator to get their estimate

Spouse's Expected Monthly Social Security

From SSA.gov

Spouse's Current Retirement Savings

Their 403b, 457b, IRAs, etc.

Spouse's Monthly Contribution

How much they're contributing each month. Enter 0 if not currently contributing.

Your Retirement Income Breakdown

Desired Monthly Income

Pension + Social Security

Monthly Income Gap
$0

💰 Your Current Savings Will Grow!

MONTHLY CONTRIBUTION NEEDED

💵 Will Your Money Last?

Year	Age	Annual Withdrawal	Portfolio Balance

Coach Marty says: This projection assumes 7% annual growth. In retirement, many people shift to more conservative investments with lower returns — but also lower risk. Your actual results will vary.

Next Steps:

Set up automatic contributions

to your 403(b) and/or 457(b)

Choose low-cost index funds

(0.15% fees or less)

Increase contributions by 1% each year

as your salary grows

Complete the remaining modules

to learn vendor selection and enrollment