Retirement Withdrawal Calculator
How long your savings last, and how much you can take
Your savings last
23.8 years
Withdrawal rate
6.0%
Runs out at
Age 88
Per month
$3,750
Taking $45,000 in the first year and raising it with inflation, your $750,000 runs out after about 23.8 years, around age 88.
Sustainable for 30 years
$39,011 a year
5.2% of savings, about $3,251 a month
Left after 30 years
$0
Runs out before then
4% of your savings
$30,000 a year
The first-year amount under the 4% rule
Balance year by year
| Year | Age | Withdrawal | End balance | In today's dollars |
|---|---|---|---|---|
| 1 | 65 | $45,000 | $747,300 | $729,073 |
| 5 | 69 | $49,672 | $721,807 | $637,972 |
| 10 | 74 | $56,199 | $647,039 | $505,465 |
| 15 | 79 | $63,584 | $505,076 | $348,737 |
| 20 | 84 | $71,939 | $267,684 | $163,360 |
| 24 | 88 | $63,951 | $0 | $0 |
Each withdrawal comes out at the start of the year and the rest earns the annual return. Amounts are before tax.
How the calculator works
Each year's withdrawal comes out at the start of the year, and what is left earns the annual return. If you tick the inflation box, the withdrawal goes up by the inflation rate every year, so it buys the same amount as in year one.
The money runs out in the year the balance can no longer cover the full withdrawal; the part of a year it still covers is counted too. The sustainable amount is the first-year withdrawal that spends your savings down to exactly zero at the end of the years you choose.
It uses one average return for every year. Real returns go up and down, and the order they come in matters once you are withdrawing, so treat the result as a guide and try a lower return for a cautious plan.
How long $1 million lasts at each withdrawal rate
First-year withdrawal as a share of savings, raised with 2.5% inflation every year, at four average returns:
| Withdrawal rate | First year | 4% return | 5% return | 6% return | 7% return |
|---|---|---|---|---|---|
| 3.0% | $30,000 | 45.1 years | 60+ years | 60+ years | 60+ years |
| 3.5% | $35,000 | 36.6 years | 47.3 years | 60+ years | 60+ years |
| 4.0% | $40,000 | 30.8 years | 37.5 years | 52.0 years | 60+ years |
| 4.5% | $45,000 | 26.6 years | 31.3 years | 39.4 years | 60+ years |
| 5.0% | $50,000 | 23.4 years | 26.8 years | 32.2 years | 42.8 years |
| 6.0% | $60,000 | 18.9 years | 21.0 years | 23.8 years | 28.1 years |
Worked out with the calculator above. "60+ years" means the money had not run out after 60 years.
Planning around your withdrawals
To find the savings you need in the first place, use the FIRE calculator, which turns your spending into a target at your chosen withdrawal rate, or the Coast FIRE calculator to see when you can stop saving and let growth do the rest.
If you retire before 59½, the order you draw on accounts matters: see Can I retire at 55? and the Roth conversion ladder. The Roth conversion calculator and the capital gains tax calculator show the federal tax on converting or selling in a given year. Federal employees can check their pension and TSP with the FERS and TSP calculators.
Frequently Asked Questions
How long will $1 million last in retirement?
How much can I withdraw from $500,000 a year?
What is the 4% rule?
What is a safe withdrawal rate?
Should my withdrawals rise with inflation?
Does this include taxes?
Why do bad returns early in retirement matter more?
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