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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