Our Doctor Retirement Calculator estimates the age at which physicians, dentists, veterinarians, and other professionals can retire based on various financial factors. If you're interested in student loan-awareness and fiduciary financial planning, check out our SEC Registered Investment Advisor SLP Wealth at the bottom of this page.
Your age now
Your household income
Your expected household income in 5 years
Value of your assets excluding your home Retirement accounts, brokerage accounts, bank accounts, business equity, etc.
Your home equity (home value minus any mortgage debt)
Amount of student loan debt
Are you planning on pursuing PSLF or IDR forgiveness?
What spending amount per month (in today's dollars) would give you a comfortable life in retirement?
Roughly what % of your income are you saving now?
Roughly what % of your income do you expect to be saving in 5 years?
What investment return % do you expect to earn on your portfolio?
Inflation rate assumption (in %)
Safe withdrawal rate assumption (in %)
Do you expect to receive any Social Security or pension income in retirement?
Monthly income you expect to receive from pensions or Social Security in retirement
Age you expect that Social Security or pension income to start
| Potential Retirement Date |
| Age 64 in 2054 (in 29 years) |
*Note: past performance is no guarantee of future results. This is not investment advice and is intended for illustrative purposes only.
Details (Show)
| Years | Net Worth Assumes you remain employed, continue making contributions to your retirement account, and refrain from withdrawing any funds before this date. | Income from investments | Income needed (adjusting for inflation) Amount required to fund retirement expenses through withdrawals, pensions (if applicable), and Social Security | Able to retire? |
| 2025 | $200,000 | $8,000 | $120,000 | No |
| 2026 | $247,063 | $9,883 | $123,600 | No |
| 2027 | $298,412 | $11,936 | $127,308 | No |
| 2028 | $354,378 | $14,175 | $131,127 | No |
| 2029 | $415,313 | $16,613 | $135,061 | No |
| 2030 | $497,885 | $19,915 | $139,113 | No |
| 2031 | $596,619 | $23,865 | $143,286 | No |
| 2032 | $704,180 | $28,167 | $147,585 | No |
| 2033 | $821,245 | $32,850 | $152,012 | No |
| 2034 | $948,537 | $37,941 | $156,573 | No |
| 2035 | $1,086,835 | $43,473 | $161,270 | No |
| 2036 | $1,236,970 | $49,479 | $166,108 | No |
| 2037 | $1,399,836 | $55,993 | $171,091 | No |
| 2038 | $1,576,391 | $63,056 | $176,224 | No |
| 2039 | $1,767,662 | $70,706 | $181,511 | No |
| 2040 | $1,974,749 | $78,990 | $186,956 | No |
| 2041 | $2,198,833 | $87,953 | $192,565 | No |
| 2042 | $2,441,179 | $97,647 | $198,342 | No |
| 2043 | $2,703,142 | $108,126 | $204,292 | No |
| 2044 | $2,986,174 | $119,447 | $210,421 | No |
| 2045 | $3,291,833 | $131,673 | $216,733 | No |
| 2046 | $3,621,788 | $144,872 | $223,235 | No |
| 2047 | $3,977,824 | $159,113 | $229,932 | No |
| 2048 | $4,361,859 | $174,474 | $236,830 | No |
| 2049 | $4,775,943 | $191,038 | $243,935 | No |
| 2050 | $5,222,277 | $208,891 | $251,253 | No |
| 2051 | $5,703,214 | $228,129 | $258,791 | No |
| 2052 | $6,221,277 | $248,851 | $266,555 | No |
| 2053 | $6,779,171 | $271,167 | $274,551 | No |
| 2054 | $7,379,789 | $295,192 | $282,788 | Yes |
| 2055 | $8,026,233 | $321,049 | $291,271 | Yes |
| 2056 | $8,721,824 | $348,873 | $300,010 | Yes |
| 2057 | $9,470,118 | $378,805 | $309,010 | Yes |
| 2058 | $10,274,926 | $410,997 | $318,280 | Yes |
| 2059 | $11,140,328 | $445,613 | $327,829 | Yes |
| 2060 | $12,070,693 | $482,828 | $236,364 | Yes |
| 2061 | $13,070,699 | $522,828 | $243,455 | Yes |
| 2062 | $14,145,358 | $565,814 | $250,759 | Yes |
| 2063 | $15,300,034 | $612,001 | $258,282 | Yes |
| 2064 | $16,540,472 | $661,619 | $266,030 | Yes |
| 2065 | $17,872,824 | $714,913 | $274,011 | Yes |
| 2066 | $19,303,676 | $772,147 | $282,232 | Yes |
| 2067 | $20,840,081 | $833,603 | $290,698 | Yes |
| 2068 | $22,489,588 | $899,584 | $299,419 | Yes |
| 2069 | $24,260,282 | $970,411 | $308,402 | Yes |
| 2070 | $26,160,817 | $1,046,433 | $317,654 | Yes |
| 2071 | $28,200,459 | $1,128,018 | $327,184 | Yes |
| 2072 | $30,389,128 | $1,215,565 | $336,999 | Yes |
| 2073 | $32,737,442 | $1,309,498 | $347,109 | Yes |
| 2074 | $35,256,771 | $1,410,271 | $357,522 | Yes |
| 2075 | $37,959,284 | $1,518,371 | $368,248 | Yes |
Is SLP Wealth financial planning right for you?
Looking for financial planning custom-tailored for professionals like you? Book a free, no-obligation 15-minute intro call to learn more about profession-specific financial planning from our SEC Registered Investment Advisory firm, SLP Wealth.
SLP Wealth, LLC (“SLP Wealth”) is a registered investment adviser registered with the United States Securities and Exchange Commission with headquarters in Durham, NC.
How much do I need to retire?
A general rule of thumb is to save around 25 times your planned annual spending for retirement. However, retirement looks very different than it has in the past, with many physicians, dentists, and other high-income earners looking to retire early or significantly reduce their work hours in later years.
Smart retirement planning factors in individual goals, preferred lifestyles and future needs.
Calculating potential retirement ages based on your goals
Our Doctor Retirement Calculator uses personal and financial markers to project when you'll be able to comfortably retire. This includes factors such as:
- Current age
- Existing and future household income
- Value of your assets (e.g., retirement accounts, brokerage accounts, bank accounts, etc.)
- Home equity
- Estimated monthly spending in retirement
- Current and future saving habits
- Expected Social Security and pension income
Unlike other retirement calculators, our Doctor Retirement Calculator also factors in how much student loan debt you have and whether you plan to pursue Public Service Loan Forgiveness (PSLF) or income-driven repayment (IDR) forgiveness.
Student loans are often a major hurdle when planning for retirement considering physicians and dentists often have large six-figure balances. Some even assume they'll never be able to retire. But payments under an IDR plan can reduce your monthly payments, freeing up funds to fast-track retirement and opening the door to loan forgiveness.
Use the Doctor Retirement Calculator above to see what age you can retire using different lifestyle, spending and saving goals.
More resources:
Retirement Planning for Doctors: Unlocking the Golden Egg of Early Retirement
Dentist Retirement Planning: How to Map a Solid Strategy for Your Golden Years Today
The Truth About Retirement Contributions: Debunking Common Misconceptions
Ranked: Best Retirement Accounts for Physicians From Solo 401(k) to Brokerage Accounts