Living Off Savings Calculator

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# How long can you live with \$1 000 000,00 in savings by paying yourself \$2 000,00 per month?

 Initial savings: \$1 000 000,00 Interest rate: 6% Monthly withdrawal: \$2 000,00 Annual increase of withdrawal: 2% 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 \$2 000,00 will be increased by \$2,00% every year to balance the impact of 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:

• \$2 200,00 per month for over 100 years.

• \$2 400,00 per month for over 100 years.

Monthly withdrawal Duration
\$2 200,00 over 100 years
\$2 400,00 over 100 years

### Lower monthly withdrawals

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

• \$1 800,00 per month for over 100 years.

• \$1 600,00 per month for over 100 years.

Monthly withdrawal Duration
\$1 800,00 over 100 years
\$1 600,00 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 96 years 1 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% \$2 000,00 96 years 1 months
6% \$2 000,00 over 100 years
7.2% \$2 000,00 over 100 years

### Higher initial savings

With higher initial amount you will be able to withdraw \$2 000,00 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 \$2 000,00 over 100 years
\$1 200 000,00 \$2 000,00 over 100 years
\$1 300 000,00 \$2 000,00 over 100 years
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