Savings Withdrawal Duration Calculator - How Long Will Your Money Last?

Step-by-Step Instructions

1. Enter Initial Savings Balance: Input your total savings amount that you plan to withdraw from over time.
2. Set Annual Interest Rate: Enter the expected annual return on your remaining savings (e.g., 4% for conservative investments, 7% for stock market historical average).
3. Monthly Withdrawal Amount: Specify how much you need to withdraw each month for living expenses.
4. Annual Withdrawal Increase (Optional): Account for inflation by setting an annual percentage increase in withdrawals (typically 2-3% for inflation adjustment).
5. Review Results: Examine the timeline, charts, and detailed schedule to understand how long your savings will last.

Interpreting the Results

• Withdrawal Duration: Shows exactly how long your money will last with your current withdrawal strategy
• Principal vs Interest Distribution: Pie chart showing how much comes from your original savings versus investment growth
• Timeline Chart: Visual representation of your declining balance and cumulative withdrawals over time
• Monthly Schedule: Detailed month-by-month breakdown with annual summaries for tax planning