Retirement Income Gap Calculator
Compare the income you need against the income you have — and size the monthly gap that home equity or other sources could fill.
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Your income gap is the difference between the monthly income you need and what your reliable sources provide. Knowing the exact number turns a vague worry into a solvable problem.
Once sized, you can fill it with a reverse mortgage tenure payment or line of credit, delayed Social Security, or part-time income.
Frequently asked questions
How do I calculate my gap?
Subtract reliable income — Social Security, pensions, other — from the income you need.
How can a reverse mortgage fill it?
A tenure payment provides steady lifetime income, or a line of credit lets you draw as needed.
What if I have a surplus?
A standby line still adds flexibility for large or unexpected expenses.
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Open calculator →Required Minimum Distribution (RMD)
Estimate the minimum you must withdraw from your IRA or 401(k).
Open calculator →What this calculates
Compares your expected monthly retirement income with expenses and shows the shortfall or surplus.
Assumptions & methodology
- Inflation is applied at a constant rate.
- Results are estimates based on the figures you enter and simplified assumptions.
- Taxes, fees, rates and individual circumstances can change real outcomes.
Important: These tools provide educational estimates only. They are not a loan offer, pre-approval, or financial advice, and results never mean you are approved for any product. Eligibility and terms are determined by a lender after a full application. Consider speaking with a HUD-approved counselor or financial professional.
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