Retirement Readiness Score Calculator

Get a retirement readiness score based on savings, income, age, and goals. See if you are on track.
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Readiness Score

100/100

On Track?

Yes

Projected Savings

$2.3M

Retirement Income Projection

Projected Savings at Retirement$2.3M
Monthly Income from Savings (4% rule)$7,666.46
Social Security (estimated)$2,000.00
Total Monthly Income$9,666.46
Desired Monthly Income$6,000.00
Monthly Surplus$3,666.46

Fidelity Savings Guideline

Target for Age 35 (2.0x salary)$160.0K
Your Current Savings$100,000.00
StatusBehind guideline

Fidelity Milestones (multiples of salary)

Age 301x salary
Age 352x salary
Age 403x salary
Age 454x salary
Age 506x salary
Age 557x salary
Age 608x salary
Age 6710x salary

Use the Retirement Readiness Score Calculator above to calculate your results. Enter your values and see instant results — all calculations run in your browser.

Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.

How It Works

Our Retirement Readiness Score Calculator assesses your current financial position against your retirement aspirations, providing a clear score based on your savings, income, age, and goals. Understanding this score is crucial for identifying potential shortfalls and making informed adjustments to ensure a comfortable retirement. With the average cost of living projected to increase by 3.5% in 2026, and social security benefits expected to see a 2.8% COLA, being prepared is more important than ever.

The score is calculated using a weighted algorithm that considers your current savings as a percentage of your projected retirement needs, your annual income's contribution to future savings capacity, and a time-value-of-money factor based on your age until desired retirement. We utilize a Monte Carlo simulation to project the probability of meeting your goals, assuming a diversified portfolio return of 6% annually and an inflation rate of 3.2% for 2026 and beyond. This approach provides a robust assessment of your financial trajectory.

Remember, this calculator provides an estimate; market fluctuations and unexpected life events can impact your actual readiness. A common mistake is underestimating healthcare costs in retirement, which are projected to average $6,700 per person annually in 2026 for those over 65. Regularly review your plan and consider consulting a financial advisor for personalized guidance.

Example: Sarah's Retirement Check-up

  1. 1 Sarah is 45, earns $80,000 annually, has $250,000 in retirement savings, and aims to retire at 65 with an annual income of $60,000 in today's dollars.
  2. 2 The calculator projects Sarah's required savings at retirement to be approximately $1,500,000 (accounting for inflation to 2046). Her current savings and projected contributions, assuming a 10% annual savings rate, indicate a 70% probability of reaching her goal.
  3. 3 Sarah's Retirement Readiness Score: 78/100 (Good).
  4. 4 Sarah is on a good path, but increasing her savings rate to 12% or considering a slightly later retirement age could significantly improve her probability of success. Reviewing her investment portfolio for optimal growth potential is also recommended.

Source: IRS · Last updated: April 2026

Frequently Asked Questions

How do I know if I am on track for retirement?
Compare your projected retirement income (Social Security + pension + portfolio withdrawals at 4%) to your target spending (typically 70-80% of pre-retirement income). If projected income covers 90-100%+ of target spending, you are in good shape.
What is a retirement readiness score?
A retirement readiness score typically measures your projected retirement income as a percentage of your target income. A score of 80%+ means you are likely on track. 60-80% means you need to take action (save more, work longer, reduce target). Below 60% requires significant adjustments.
How can I improve my retirement readiness?
The most impactful actions: increase your savings rate by 2-3%, delay retirement by even 1-2 years, delay Social Security to 70, reduce planned retirement spending, catch up on 401(k)/IRA contributions, and eliminate high-interest debt before retirement.

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