Retirement Withdrawal Calculator
Result
Retirement Withdrawal Calculator — free online calculator.
Formula
- Retirement Withdrawal Calculator models a retirement balance that grows annually and then has a fixed annual withdrawal deducted for the selected number of years.
- 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 Withdrawal
- Retirement savings: 500000
- Annual withdrawal: 30000
- Annual return: 5 %
- Years in retirement: 25
Starting with 500,000, earning 5% annually and withdrawing 30,000 at the end of each year for 25 years leaves about 261,364.51.
Sample result: Calculating…
Frequently asked questions
What does the Retirement Withdrawal calculate?
The result assumes a constant annual return and constant annual withdrawal.
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.