RetireWhen | Retirement Calculator | When Can I Retire?

RetireWhen is a comprehensive retirement calculator designed to help answer one of life's biggest financial questions: When can I retire?Many web calculators assume one person, one return rate, fixed annual savings, and fixed retirement withdrawals. RetireWhen models a household, income growth, inflation-adjusted spending, retirement income, changing growth assumptions, and year-by-year depletion.

When Can I Retire?One of the most common retirement questions is: "When can I retire?"RetireWhen helps answer that question by modeling income, savings, investments, inflation, retirement spending, and retirement income over time. Adjust your retirement age and immediately see how it affects the likelihood that your savings will last throughout retirement.Whether you're considering retiring at 55, 60, 65, or later, RetireWhen helps you understand the tradeoffs involved.

Why RetireWhen Is DifferentMany retirement calculators assume fixed contributions, fixed withdrawals, a single investment account, and a constant rate of return. Real-life retirement planning is rarely that simple.RetireWhen combines the simplicity of a retirement calculator with the flexibility of a retirement planning calculator that models changing assumptions over time.RetireWhen models both partners independently, allowing each person to have different ages, salaries, investment balances, retirement income streams, retirement dates, and spending assumptions. Salary growth, inflation, retirement spending, and investment growth are modeled year by year to provide a more realistic view of the future.Because retirement decisions are interconnected, small changes in retirement age, spending, savings rate, or investment growth can have a significant impact on long-term outcomes. RetireWhen helps you understand those tradeoffs and see how different assumptions affect the likelihood that their money will last throughout retirement.Whether you're trying to determine when you can retire, whether you can afford to retire earlier, or how changes in spending and savings affect your retirement plan, RetireWhen provides a more comprehensive view than many basic retirement calculators.

Set Parameters

Each partner can enter independent salary, ages, investments, retirement income, and spend/year at retirement.Model different salary growth percentages, inflation rates, and retirement investment growth rates.All pertinent numbers are grown by either the inflation rate (spend/year, retirement income, etc.) or the investment growth rate for more accurate modeling.

Combined Profile

The combined profile includes a spend/year override since couples spend less together than they do individually.Retirement spending is grown by the inflation rate to account for future spending values that will be higher than current numbers.

Tabular Results

See per-year results in table form on one screen.Download in CSV format to manipulate in a spreadsheet.

Interactive Chart

See chart of results over time for each partner or for the combined couple.Slide the Retirement Age control to see when money runs out based on chosen retirement age.Slide Spend/Year control to see how annual spending affects how long your money may last.

Why use RetireWhenUnlike other simple retirement calculators, RetireWhen takes multiple factors into account when helping you determine when might be the right time to retire.The app allows both partners to enter their individual data and shows results for each plus a combined household profile that helps couples understand how shared expenses and combined resources can affect retirement outcomes. Contributions are based on salary and savings rate, not just a fixed annual deposit. Salary grows annually based on your set percentage. Retirement spending is adjusted for inflation. It supports separate retirement income streams and separate retirement investment growth percentages. The app clearly shows if you are on track for retirement or if your money will run out based on your chosen retirement age.

App Store, Support, License, and Privacy links below

Frequently Asked QuestionsQ. Is there a fee for the app or any in-app purchases?
A. No. RetireWhen is completely free. I felt it was important for anyone to be able to answer the same questions I had about when it was safe to retire and when my money might run out during retirement.Q. Can I model a married couple with this app?
A. Yes. You can enter each partner's information in separate profiles and RetireWhen will give results for each individual plus a combined result for the couple.Q. Can I see what happens if I choose to retire earlier?
A. Yes, with the interactive chart, you can slide the retirement age to any value you like and instantly see how it affects your draw down and when your money may run out.Q. Can partners retire at different ages?
A. Yes. Each partner can have independent retirement ages, retirement income streams, investment balances, and assumptions. RetireWhen models each partner separately and also provides combined household results.Q. How does RetireWhen treat investment growth rates early, just prior to, and after retirement?
A. The app uses 2 growth factors that you can control. One is the growth factor while you are working, prior to retirement. The other is a growth factor for use in the retirement years. Starting 10 years before the target retirement age, RetireWhen automatically starts to reduce the investment growth rate from the initial rate toward the retirement rate. This models a more realistic glide path that mirrors a pre-retiree shifting their portfolio to a less aggressive one as they approach retirement.Q. How does the inflation-adjusted retirement spending work?
A. The app uses the inflation rate input and carries that value forward so that the spending during retirement years is a realistic value based on what the value of the dollar is likely to be at that time. For example, if you enter a retirement spend rate of $120k/year and your target retirement is in 15 years, the app will adjust the spend number by the inflation rate so the draw-downs are realistic during the retirement years.Q. Why is there an override for retirement spending in the Combined profile?
A. This is because couples tend to spend less together than individuals spend by themselves.Q. Can I request a new feature for RetireWhen?
A. Yes. You can click on the Support button above and send me an email with your suggestion.