# Retirement Income Calculator | Celestial Wealth Solutions > Compare the monthly retirement income you want against Social Security, a pension and other expected income to see the monthly gap left to cover. Canonical page: https://celestialwealthsolutions.com/financial-tools/retirement-income-calculator # Will your retirement income support the lifestyle you want, in about 3 minutes Retirement is not one big number. It is a monthly paycheck you have to build. Enter what you want each month, then everything you already expect to receive. Want help understanding your results? ## What this assumes - The gap is the monthly income you want less the monthly income you entered from Social Security, a pension and any other source. - Every figure is treated as a level monthly amount in today's dollars. Inflation, taxes, fees and rising living costs are not applied to any of them. - Savings at retirement adds your current balance to your future contributions with no rate of return applied, because none is assumed on this tool. - Social Security and pension figures are the estimates you entered. Claiming age, benefit rules and future changes to the program can move what actually arrives. ## Reading your result ### What this calculated The monthly difference between the retirement income you said you want and the income you already expect from Social Security, a pension and any other source. Whatever is left is the gap your own savings would have to cover. ### Why the number matters A gap is felt monthly, not as a lump sum, so that is how it is shown. Seeing it per month makes it easier to weigh against what you are setting aside now, while there is still time to change the answer. ### What could change it Retiring earlier or later, claiming Social Security at a different age, a pension that pays less than the estimate, health costs in the early years, or wanting a different lifestyle than the one you priced today. ### Reasonable next steps Confirm your Social Security estimate on your official statement and confirm any pension in writing. Then decide whether the gap is better closed by saving more, working longer, or adjusting the lifestyle figure. This tool is educational and does not provide financial, investment, tax, legal or insurance advice. Results are estimates based only on the information you enter and the assumptions shown, they are not a quote, an offer of coverage or a promise of any outcome, and your actual situation will differ. Insurance guarantees are backed by the claims paying ability of the issuing insurance company. Speak with a licensed professional before acting on anything you see here. Keep going ## Other tools worth two minutes ## Numbers are a start. A conversation is the next step. Bring what this gave you. We will tell you what it misses, what it gets right, and what is actually worth doing about it. --- Celestial Wealth Solutions, an independent financial services agency in Fremont, California. Retirement and retirement, annuities, life insurance and IUL, free financial education, and licensing for new financial professionals. Zeena Carmona (510) 461-2496, Geancarlo Carmona (858) 405-6743, Contact@CelestialWealthSolutions.com. Monday to Saturday, 9am to 6pm PT. Other times by appointment. Important disclosures: Celestial Wealth Solutions provides financial education and insurance services. This website is for educational purposes only and is not financial, tax, legal or investment advice. Guarantees are backed by the claims-paying ability of the issuing insurance company. Policy loans and withdrawals reduce cash value and death benefits. Dividends are not guaranteed. Past performance does not indicate future results. Full set: https://celestialwealthsolutions.com/disclosures Powered by [Launch Automation](https://launchautomation.ai)