How Long Will my Retirement Savings Last? | Financial Calculators for Flagstar Bank

At Retirement

The amount you have saved at the time you retire.

The amount you will spend monthly while in retirement.

Your Income

The percentage increase in salary you expect to receive over the evaluation time period. This percentage should factor in cost of living increases due to inflation as well as merit increases.

Monthly pension

The monthly income you will receive from your retirement pension.

Other income

Other income you receive on a monthly basis.

Additional Factors

Rate of return

The rate of return you believe you will receive on your savings.

Rate of inflation

The rate of inflation during your retirement years.

Marginal tax rate

To get your marginal tax rate, add together the highest rate you pay for federal income taxes and the highest rate you pay for state income taxes.

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Retirement Period Funded
Monthly Savings Withdrawal (Pre-Tax)	Years	Months

Flagstar Bank partnered with Fintactix, a financial education company, to make this calculator available. This is for informational purposes only. The results are hypothetical to illustrate general scenarios. The calculator cannot determine that a specific Flagstar product is available to you or that it is the right solution for your circumstances. All Flagstar Bank products require an application and an approval process. Please contact us directly so we can assist you. Use of this calculator is not a substitute for and results cannot be relied on as investment, legal, tax or accounting advice. Please consult a tax advisor, attorney or other financial professional for personalized advice appropriate to your goals and circumstances. Flagstar Bank and our affiliates are not responsible for any content provided by unaffiliated third parties.

You have made it to retirement, or perhaps you are just counting down the days until you retire. You have got money put away, but need to know how long it will last. There are key factors that will determine that, including your monthly spending and other sources of income. The rate of return on your outstanding savings balance, the taxes you pay on withdrawals and the impact inflation has on your required monthly spending will all have a significant impact as well.