Savings Withdrawal Calculator - Calculate Balance & Depletion Time
Savings Withdrawal Calculator
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(%)
Years Months
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(%) per year
Calculation Results
Ending Balance
Total Withdrawals
Total Investment Earnings
Initial Retirement Balance
Total Additional Deposits
Balance Depletion Time
Effective Annual Rate
Earnings from Initial Investment
Impact of Withdrawal Strategy
Annualized Return (CAGR-Compound Annual Growth Rate)
Withdrawals Schedule
Withdrawals Visualization
How Long Will a Savings Balance of $500,000 Last With a 6% Annual Interest Rate if I Withdraw $6,500 Monthly?
With an initial savings of $500,000, a 6% annual interest rate, and monthly withdrawals of $6,500, your money will last approximately 8 years and 2 months (98 withdrawals).
How Long Will $1,000,000 Last Me in Retirement?
With an initial savings of $500,000 and a 6% annual interest rate, withdrawing $6,000 monthly will last approximately 30 years, while withdrawing $6,500 monthly will last about 24.5 years.
References
Government Resources:
- Social Security Administration - Retirement Benefits
- SEC.gov - 10 Things to Consider Before You Make Investing Decisions
- Department of Labor - Retirement Security
- Consumer.gov - Retirement Planning
- U.S. Treasury - Retirement Tax Information
Research and Educational Sources:
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