Retirement Income Replacement Ratio Calculator

Your Current Annual Financials

E.g., Traditional 401(k)/403(b), deductible Traditional IRA contributions.
E.g., Roth 401(k)/403(b), Roth IRA contributions. This reduces your current take-home pay but isn't a pre-tax deduction for this calculation's base.
Typically 7.65% on wages up to Social Security limit, plus 1.45% on all wages for Medicare. Estimate or use a precise figure.
E.g., Commuting, work-specific clothing, professional dues that cease upon retirement.

Estimate Changes to Your Annual Expenses in Retirement

Start with your pre-retirement spending (Gross Income minus Savings, Payroll Taxes, and Work Expenses). Then, adjust for expected changes in the categories below. Enter a positive number for an increase in spending, a negative number for a decrease (e.g., -12000 if a mortgage is paid off).

E.g., Mortgage paid off (-), downsizing (-), higher property taxes/maintenance (+).
Often increases due to insurance premiums (Medicare, supplemental) and out-of-pocket costs.
E.g., Travel, hobbies, entertainment. May increase or decrease based on plans.
E.g., Student loans, car loans, credit cards paid off before retirement (-).
E.g., Supporting family members, new significant hobbies, major planned purchases.

Your Retirement Income Replacement Ratio

Please complete the previous steps and click "Calculate Ratio" to see your results.

Please enter a valid Current Annual Gross Income.

"; notesContainerEl.style.display = 'none'; downloadPdfBtn.style.display = 'none'; return; } // Pre-retirement spendable income (living expenses before specific retirement adjustments) // This is Gross - PreTaxSavings - PayrollTaxes - WorkExpenses. PostTaxSavings also reduce current spendable income. const preRetirementCurrentLivingExpenses = vals.grossIncome - vals.preTaxSavings - vals.postTaxSavings - vals.payrollTaxes - vals.workExpenses; if (preRetirementCurrentLivingExpenses < 0) { resultsSummaryEl.innerHTML = "

Calculated pre-retirement current living expenses are negative. Please check your income, savings, and tax inputs.

"; notesContainerEl.style.display = 'none'; downloadPdfBtn.style.display = 'none'; return; } // Estimated Annual Retirement Expenses // Starts with preRetirementCurrentLivingExpenses (because retirement savings stop, work expenses stop) // Then apply specific retirement adjustments. let estimatedAnnualRetirementExpenses = preRetirementCurrentLivingExpenses + vals.housingChange + vals.healthcareChange + vals.discretionaryChange + vals.debtChange + vals.otherChanges; estimatedAnnualRetirementExpenses = Math.max(0, estimatedAnnualRetirementExpenses); // Cannot be negative // Calculate RIRR against Gross Income const rirrPercentage = (vals.grossIncome > 0) ? (estimatedAnnualRetirementExpenses / vals.grossIncome) * 100 : 0; let resultsHTML = `

Calculation Summary:

Current Annual Gross Income: $${vals.grossIncome.toLocaleString(undefined, {minimumFractionDigits:2, maximumFractionDigits:2})}

  • (-) Pre-Tax Retirement Savings: $${vals.preTaxSavings.toLocaleString(undefined, {minimumFractionDigits:2, maximumFractionDigits:2})}
  • (-) Post-Tax Retirement Savings: $${vals.postTaxSavings.toLocaleString(undefined, {minimumFractionDigits:2, maximumFractionDigits:2})}
  • (-) Estimated Payroll Taxes: $${vals.payrollTaxes.toLocaleString(undefined, {minimumFractionDigits:2, maximumFractionDigits:2})}
  • (-) Estimated Work-Related Expenses: $${vals.workExpenses.toLocaleString(undefined, {minimumFractionDigits:2, maximumFractionDigits:2})}
  • = Estimated Pre-Retirement Annual Living Expenses: $${preRetirementCurrentLivingExpenses.toLocaleString(undefined, {minimumFractionDigits:2, maximumFractionDigits:2})}

Estimated Annual Expenses in Retirement:

  • Pre-Retirement Annual Living Expenses Base: $${preRetirementCurrentLivingExpenses.toLocaleString(undefined, {minimumFractionDigits:2, maximumFractionDigits:2})}
  • (+) Housing Change: $${vals.housingChange.toLocaleString(undefined, {minimumFractionDigits:2, maximumFractionDigits:2})}
  • (+) Healthcare Change: $${vals.healthcareChange.toLocaleString(undefined, {minimumFractionDigits:2, maximumFractionDigits:2})}
  • (+) Discretionary Spending Change: $${vals.discretionaryChange.toLocaleString(undefined, {minimumFractionDigits:2, maximumFractionDigits:2})}
  • (+) Debt Payments Change: $${vals.debtChange.toLocaleString(undefined, {minimumFractionDigits:2, maximumFractionDigits:2})}
  • (+) Other Changes: $${vals.otherChanges.toLocaleString(undefined, {minimumFractionDigits:2, maximumFractionDigits:2})}
  • = Estimated Total Annual Income Needed in Retirement: $${estimatedAnnualRetirementExpenses.toLocaleString(undefined, {minimumFractionDigits:2, maximumFractionDigits:2})}

Your Estimated Retirement Income Replacement Ratio: ${rirrPercentage.toFixed(1)}%

This means you aim to replace approximately ${rirrPercentage.toFixed(1)}% of your pre-retirement gross income. Financial planners often suggest a target range of 70-85%, though individual needs vary greatly.

`; resultsSummaryEl.innerHTML = resultsHTML; notesContainerEl.style.display = 'block'; downloadPdfBtn.style.display = 'block'; }); // PDF Download downloadPdfBtn?.addEventListener('click', function () { const { jsPDF } = window.jspdf; const pdfOutputArea = document.getElementById('rirrPdfOutputArea'); if (!pdfOutputArea || resultsSummaryEl.innerHTML.includes("Please complete the previous steps")) { alert('Please calculate the ratio first before downloading PDF.'); return; } html2canvas(pdfOutputArea, { scale: 1.5, useCORS: true, backgroundColor: '#ffffff' }) .then(canvas => { const imgData = canvas.toDataURL('image/jpeg', 0.85); const pdf = new jsPDF({ orientation: 'portrait', unit: 'pt', format: 'a4' }); const pdfWidth = pdf.internal.pageSize.getWidth(); const pdfHeight = pdf.internal.pageSize.getHeight(); const margin = 30; const contentWidth = pdfWidth - 2 * margin; const canvasWidth = canvas.width; const canvasHeight = canvas.height; const ratio = canvasWidth / canvasHeight; let imgWidth = contentWidth; let imgHeight = imgWidth / ratio; if (imgHeight > pdfHeight - 2 * margin) { imgHeight = pdfHeight - 2 * margin; imgWidth = imgHeight * ratio; } pdf.addImage(imgData, 'JPEG', margin, margin, imgWidth, imgHeight, undefined, 'MEDIUM'); pdf.save('Retirement_Income_Replacement_Ratio.pdf'); }) .catch(err => { console.error("Error generating PDF:", err); alert("Error generating PDF. See console for details."); }); }); // Initial Setup switchTab('incomeTab'); // Start on the first tab });
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