Your Income Gap
Worksheet

Where are you on the retirement timeline?

This helps us project your numbers over the right time horizon.

What is (or will be) your monthly Social Security benefit?

If you're not sure, your most recent SSA statement has the number. Pick the closest range.

Do you have a pension or annuity that pays you monthly?

Include any defined benefit pension, military pension, or annuity income you're already receiving or expecting.

Do you receive any rental income, royalties, or other passive income?

Only include reliable, recurring income -- not occasional or one-time payments.

Do you plan to work part-time or consult in retirement?

Be conservative here. Many retirees plan to work part-time but stop within 2-3 years.

What does housing cost you each month?

Include mortgage or rent, property taxes, homeowner's insurance, and basic maintenance.

What do you spend on healthcare each month?

Include insurance premiums, Medicare supplements, copays, prescriptions, dental, and vision.

What do you spend on groceries, dining, and household supplies?

What does getting around cost you each month?

Car payment, insurance, gas, maintenance -- or public transit, ride-sharing.

How much do you plan to spend on travel, hobbies, and entertainment?

Be honest. Most retirees underestimate this -- especially in the first 5 years.

What about giving, gifts, subscriptions, and miscellaneous spending?

Church, charity, grandkids, streaming, phone, internet -- the small stuff that adds up.