How Long Will My Savings Last in Retirement?

The biggest fear for pre-retirees in Sandy and Draper is running out of money in retirement. With lifespans increasing and healthcare costs rising, understanding the sustainability of your nest egg is critical. A retirement savings longevity calculator helps you model how different withdrawal rates, inflation, and market returns affect your portfolio’s lifespan.

Planning for your future in the Wasatch Front requires a strategy that accounts for local cost of living and specific lifestyle desires. Whether you enjoy skiing at Alta, hiking in the Cottonwood canyons, or raising a family in South Jordan, your financial roadmap should be built around your life—not just a generic set of numbers.

Open Savings Longevity Calculator in a new tab

How This Calculator Works (Simply Explained)

To get the most out of this tool, it is helpful to understand the key inputs that drive the results:

Starting Retirement Balance: The total value of your retirement accounts at retirement.
Annual Withdrawal Amount: The dollar amount you plan to withdraw each year to live on.
Inflation Rate: The annual rate at which your withdrawals increase to maintain purchasing power.
Expected Investment Return: The average annual growth of your portfolio during retirement.

By adjusting these inputs, you can model different financial scenarios to see how subtle shifts in your savings rate or portfolio return can impact your long-term wealth.

Scenario: The Power of Planning in Action

Consider this hypothetical scenario: Take Robert and Linda, who plan to retire in Sandy City, UT, with a $1.2 million portfolio. They want to withdraw a hypothetical $60,000 annually (adjusted for a hypothetical 3% inflation) and assume a hypothetical conservative 5% return in retirement. The calculator projects their savings will last approximately 27 years. Knowing this helps them determine if they can retire at 62 or if waiting until 65 provides a safer margin.

This scenario highlights how consistent actions and a clear timeline can remove the guesswork from your finances, transforming abstract goals into a concrete roadmap.

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FAQ – Frequently Asked Questions

How long your savings last depends on your withdrawal rate, inflation, and portfolio returns; a safe starting point is the 4% rule.

What is the 4% rule in retirement?

The 4% rule states that you can withdraw 4% of your portfolio in year one of retirement, adjust that amount for inflation annually, and have a high probability of your money lasting 30 years.

How does inflation impact retirement longevity?

Inflation increases the dollar amount you must withdraw each year, accelerating the depletion of your principal if returns do not keep pace.

Beyond the Numbers: Why Fiduciary Advice Matters

While this calculator provides a helpful baseline, it only tells part of the story. Static online tools cannot account for:

Tax Location Strategies: Maximizing the balance between Roth, Traditional, and taxable brokerage accounts.
Utah-Specific Tax Rules: How state income tax and retirement exclusions impact your bottom line.
Asset Allocation vs. Risk Tolerance: Aligning your investments with your actual comfort level.

At Salt Lake Financial Planning, we specialize in providing fee-based fiduciary financial planning and investment management that looks at your entire financial life. We help you move past basic calculator math to build a personalized, tax-efficient strategy.

We worked with Dallas for a comprehensive financial plan. He took the time to understand all aspects of our current finances and our goals and dreams. He helped us see where we were doing well and how we could improve. Knowing the full picture and how to proceed so that we can reach our goals gave us peace of mind and confidence. Thank you so much Dallas!

Travis G

Dallas has consistently been an incredible resource, from everything from car insurance to budgeting to retirement planning. He truly cares & has a great way of communicating options & suggestions. I refer him to people all the time.

Jenelle K

These statements are testimonials by clients of the financial professional as of 05/30/2026. The clients have not been paid or received any other compensation for making these statements. As a result the clients do not receive any material incentives or benefits for providing the testimonials. These views may not be representative of the views of other clients and are not indicative of future performance or success.

Ready to take control of your financial roadmap? Schedule an Initial Strategy Meeting with Dallas Price today to discuss your goals in Sandy, Draper, or South Jordan.

Compliance Disclosures

Any perceived advice is general and broad in nature and not meant to substitute direct consultation and advising. Please contact the applicable professional to go over your situation. Schedule an Initial Strategy Meeting if you’d like more 1-1 advice.

Calculations are for illustrative purposes only, do not represent actual performance of any investment, and do not reflect taxes or advisory fees, which would lower returns.