Savings Withdrawal Calculator


The Savings Withdrawal Calculator answers a universal question: How much money do I have to use throughout my retirement years? The Calculator will tell you how much money you can withdraw from your savings monthly until its balance hits zero.

The Calculator assumes that people begin selling their illiquid assets (things like homes and other real property) as they age. They convert the proceeds of these asset liquidations into safe government bonds or bank deposits. They also convert their higher-risk stock and bond investments into much safer US government bonds and bank savings.

Imagine how useful it is to know how long your savings will last. This Savings Withdrawal Calculator gives you the answer.

The Calculator will crunch the numbers and reveal the monthly amount you can withdraw from your savings until its balance hits zero. If you have financial responsibilities to others, you first create a “set-aside” for them, then use the Calculator to determine the net portion of your savings needed to cover only your individual financial needs.

To use the Savings Withdrawal Calculator, simply:

  • Enter the net amount of savings you intend to spend entirely after subtracting the amount you wish to set aside for dependents or to meet other financial responsibilities.
  • Enter the number of months you intend the savings to last (i.e., 25 years = 300 months).
  • Enter the average annual interest rate (or rate of return) you expect over the duration of your withdrawal timeframe. We advise you to subtract from the return you plug into the Calculator the anticipated inflation rate for the same time period.

Savings Withdrawal Calculator: Results Based upon Your Input

Retirement Savings by Age - Where Do You Stand?

Note: This chart is continually updated, and based upon user data from hundreds of small business 401k plans serviced by Pension Systems Corporation. Participants in small 401k plans typically save, on average, less for their retirement than employees of large corporations, which often match employees' monthly 401k contributions.