Retirement Savings/Withdrawal Calculator
Result
Retirement Savings/Withdrawal Calculator — free online calculator.
Formula
- Project how a retirement balance changes when it earns a constant annual return and a fixed annual withdrawal is taken each year.
- The main inputs are Retirement savings, Annual withdrawal, Annual return, Years in retirement. Enter them in the units and format shown in the calculator.
- Use monetary amounts, rates and time periods exactly as labeled; the result reflects the assumptions entered on this page.
- Changing any input above recalculates the result with the same calculation engine used by this page.
Example: Retirement Savings/Withdrawal
- Retirement savings: 500000
- Annual withdrawal: 30000
- Annual return: 5 %
- Years in retirement: 25
The model applies the assumed annual return to the current balance and then subtracts the fixed withdrawal once per modeled year, stopping at zero if the funds are depleted.
Sample result: Calculating…
Frequently asked questions
What does the Retirement Savings/Withdrawal calculate?
A $500,000 starting balance with a $30,000 annual withdrawal can be projected for 25 years at the selected annual return.
Which values should I enter?
Enter Retirement savings, Annual withdrawal, Annual return, Years in retirement using the units and format shown beside each field.
What formula does this calculator use?
The calculator uses the following relationship: Ending balance each year = Prior balance × (1+r) − Annual withdrawal.
Why might my result differ from another source?
Results can differ when another source uses different units, rounding rules, conventions or assumptions. Compare the inputs and definitions before comparing results.
Does the result update automatically?
Yes. Changing an input updates the result using the same calculation engine shown on this page.