Living Off Savings Calculator

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How long can you live with $1 000 000,00 in savings by paying yourself $5 000,00 per month?



Initial savings: $1 000 000,00
Interest rate: 6%
Monthly withdrawal: $5 000,00
Annual increase of withdrawal: 0%
Your savings will last for: over 100 years

Initial amount of $1 000 000,00 will enough for over 100 years of retirement. The simulation assumes that you will keep investing with predicted anuual interest rate of 6%.

Monthly withdrawals $5 000,00 will remain constant for entire period of your retirement. Consider setting annual increase of withdrawal to gain headge for inflation.

The calculation could be described by formula below, see schedule for details.

SAVINGS + INTERESTS - TAX - WITHDRAWAL = CAPITAL LEFT


Consider alternative scenarios

Higher monthly withdrawals

Initial amount of $1 000 000,00 with 6% interest rate will allow you to live on:

  • $5 500,00 per month for 40 years

  • $6 000,00 per month for 29 years 11 months

Monthly withdrawal Duration
$5 500,00 40 years
$6 000,00 29 years 11 months

Lower monthly withdrawals

Initial amount of $1 000 000,00 with 6% interest rate will allow you to live on:

  • $4 500,00 per month for over 100 years.

  • $4 000,00 per month for over 100 years.

Monthly withdrawal Duration
$4 500,00 over 100 years
$4 000,00 over 100 years


Different interest rate

Check how different interest rate will impact total return from $1 000 000,00

  • 4.8% ensures stable withdrawals for 33 years 7 months

  • 6% ensures stable withdrawals for over 100 years

  • 7.2% ensures stable withdrawals for over 100 years

Interest rate Monthly withdrawal Duration
4.8% $5 000,00 33 years 7 months
6% $5 000,00 over 100 years
7.2% $5 000,00 over 100 years

Higher initial savings

With higher initial amount you will be able to withdraw $5 000,00 for much longer:

  • $1 100 000,00 will last for over 100 years

  • $1 200 000,00 will last for over 100 years

  • $1 300 000,00 will last for over 100 years

Initial savings Monthly withdrawal Duration
$1 100 000,00 $5 000,00 over 100 years
$1 200 000,00 $5 000,00 over 100 years
$1 300 000,00 $5 000,00 over 100 years
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