Retirement Income Generation: Create a Reliable Paycheck for Life

Find the best ways to generate retirement income—combine withdrawals, Social Security, pensions, and annuities for a secure retirement.
Model income streams, optimize your portfolio for risk tolerance, and compare strategies using our scenario-based, privacy-first tool. No advisor or account linking required.

Retirement Income Calculator

Multiple Income Sources

AI-Driven Insights

Privacy-First Planning

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Retirement Income Strategies—Visualize and Optimize

Compare portfolio withdrawals, Social Security, pensions, and guaranteed income—see how your choices impact your retirement paycheck.

Enter your retirement age, savings, and expected income sources (Social Security, pension, annuities, dividends).
Model portfolio withdrawals at different rates, and add guaranteed income streams for stability.
Adjust asset allocation to fit your risk tolerance, and get personalized, AI-powered income strategies.

What-if: income generation scenario analysis

All screenshots are from our real income generation planner. Try your own income strategy today.

Retirement Income: FAQ & Common Questions

What are the best ways to generate income in retirement?

The best retirement income strategies combine withdrawals from savings, Social Security, pensions, annuities, and investment income. Diversifying your sources can provide stability and peace of mind.

How can I optimize my portfolio for retirement income?

Balance growth, risk, and guaranteed income by adjusting your asset allocation. Our tool helps you test scenarios and find the right mix for your needs.

Should I combine withdrawals with Social Security and pensions?

Yes! Combining these sources can smooth your income and reduce risk. Model different start dates and withdrawal rates to maximize your paycheck.

Are annuities a good source of retirement income?

Annuities can provide guaranteed lifetime income. Use our scenario tool to see how they fit your overall plan and compare to other sources.

How do taxes affect my retirement income?

Taxes can reduce your net income. Test different withdrawal and income strategies in our planner to optimize after-tax results.

Can I get personalized recommendations for retirement income strategies?

Yes—DIY My Finances gives you AI-powered, scenario-based insights for your unique situation. See what works best for your risk tolerance and lifestyle.

Do I need an advisor or to link my accounts to use this?

No. Our planner is privacy-first and requires no account linking, downloads, or advisor sales pitch. You stay in control, always.