Use this educational tool to compare retirement assumptions. The interactive calculator loads with JavaScript; the explanation below is available to every visitor. Quantos LLC publishes MyFedPlan independently of the U.S. government. Estimates are not official benefit determinations.
Read the methodology and model limits and our federal retirement guides.
Gap analysis works best when your expense assumptions are specific and your income streams are conservative. Start by estimating essential monthly costs, then compare them to dependable income sources such as pension and Social Security. The remaining shortfall becomes your actionable savings target. Re-run the model after life events, pay changes, or benefit updates.
Estimate, test alternatives, then implement contribution changes and monitor results at least annually.
Often yes. Additional earning years can increase pension service, increase savings, and shorten drawdown duration.