T. Rowe Price Retirement Income Calculator

What T. Rowe Price Retirement Income Calculator is

The T. Rowe Price Retirement Income Calculator is a free web tool for exploring retirement readiness. It estimates the probability of reaching a retirement goal and whether a user is in its retirement Confidence Zone. The calculation uses Monte Carlo analysis across 1,000 hypothetical market scenarios and reports a Confidence Score. Inputs include age, marital status, state, employment, income, retirement balances and savings, and intended investment allocation. Users can add planning-partner details and anticipated retirement cash income, then adjust retirement age, expenses, savings, and expected income on the results screen to explore scenarios. The tool offers hypothetical conservative, moderate, and aggressive allocations of 30/70, 60/40, and 90/10 equity/bonds, respectively, and assumes annual rebalancing. Unless users indicate they are ineligible, it estimates Social Security using retirement age and current salary, assumes benefits start at age 70, and increases them annually with 3% inflation. The projections depend on inputs and assumptions and are not guarantees. This educational tool does not provide personalized investment advice or recommendations and omits some account and contribution limits.