Retirement Income Tool

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MetLife Retirement & Income Solutions

Retirement Income Tool

Estimate the amount of monthly income you can expect to receive in retirement and if it will be enough to replace your current paycheck.

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Video

Will You Have an Income Gap in Retirement?

MetLife’s VP of Institutional Income Annuities, Roberta Rafaloff, explains how MetLife’s Retirement Income Tool can help pre-retirees estimate and plan for how much monthly retirement income will be needed.

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Understanding Your Retirement Income Gap

Learn how guaranteeing a portion of your retirement savings can help you close the gap between your monthly income and monthly retirement income needs. 

In just 10 minutes, our guided tool will produce a simple financial snapshot of what your monthly cash flow may look like in retirement.

To complete this tool, you’ll need to know your current income, other income you expect to receive in retirement (e.g. social security, pension(s), investments, properties), your average monthly savings, and your retirement savings (e.g. 401(k) and IRA). 

 

What you can expect to see in the tool results:

Your retirement income gap

A retirement income gap is the difference between your anticipated retirement income and estimated monthly income needs. This tool calculates your personalized retirement income gap based on your existing income and current standard of living. 

Lifetime income can reduce your risks

Lifetime income is money you receive each month for the rest of your life by converting a portion of savings into an annuity. Regardless of market conditions or how long you live, an annuity provides guaranteed monthly income.

Learn how annuitizing a percentage of your retirement savings can help you close your retirement income gap. 

Lifetime income can reduce your risks

Lifetime income is money you receive each month for the rest of your life by converting a portion of savings into an annuity. Regardless of market conditions or how long you live, an annuity provides guaranteed monthly income.

Learn how annuitizing a percentage of your retirement savings can help you close your retirement income gap. 

Factors determining your income gap

See how your retirement income gap is impacted if your monthly income needs increase or decrease in retirement. 

Retirement planning is uniquely different for everyone. Our goal is to provide you a simple, visual way of quickly assessing your anticipated retirement income so that you can act today to best achieve your goals.​​

Let’s get started!

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Infographic

Where Will Your Retirement Income Come From?

Do know how much you’ll need in retirement and where it will come from? Download the infographic to better prepare for your future.

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