Living Off Savings Calculator

How long can you live with $1 000 000,00 in savings by paying yourself $6 000,00 per month?

Initial savings:	$1 000 000,00
Interest rate:	6%
Monthly withdrawal:	$6 000,00
Annual increase of withdrawal:	2%
Your savings will last for:	18 years

Initial amount of $1 000 000,00 will enough for 18 years of retirement. The simulation assumes that you will keep investing with predicted anuual interest rate of 6%.

Monthly withdrawals $6 000,00 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

Month	Initial savings	+ Interests ?	- Tax	- Withdrawal	= Savings left
1	$1 000 000,00	$5 000,00	$750,00	$6 000,00	$998 250,00
2	$998 250,00	$4 991,25	$748,69	$6 120,00	$996 372,56
3	$996 372,56	$4 981,85	$747,27	$6 120,00	$994 487,14
4	$994 487,14	$4 972,43	$745,87	$6 120,00	$992 593,70
5	$992 593,70	$4 962,97	$744,45	$6 120,00	$990 692,22
6	$990 692,22	$4 953,46	$743,01	$6 120,00	$988 782,66
7	$988 782,66	$4 943,90	$741,59	$6 120,00	$986 864,98
8	$986 864,98	$4 934,31	$740,14	$6 120,00	$984 939,15
9	$984 939,15	$4 924,69	$738,71	$6 120,00	$983 005,14
10	$983 005,14	$4 915,02	$737,25	$6 120,00	$981 062,91
11	$981 062,91	$4 905,31	$735,79	$6 120,00	$979 112,42
12	$979 112,42	$4 895,56	$734,34	$6 120,00	$977 153,65
13	$977 153,65	$4 885,77	$732,87	$6 120,00	$975 186,55
14	$975 186,55	$4 875,93	$731,38	$6 242,40	$973 088,69
15	$973 088,69	$4 865,43	$729,82	$6 242,40	$970 981,91
16	$970 981,91	$4 854,90	$728,24	$6 242,40	$968 866,18
17	$968 866,18	$4 844,32	$726,64	$6 242,40	$966 741,45
18	$966 741,45	$4 833,71	$725,05	$6 242,40	$964 607,70
19	$964 607,70	$4 823,03	$723,46	$6 242,40	$962 464,88
20	$962 464,88	$4 812,31	$721,85	$6 242,40	$960 312,95
21	$960 312,95	$4 801,56	$720,24	$6 242,40	$958 151,87
22	$958 151,87	$4 790,76	$718,62	$6 242,40	$955 981,61
23	$955 981,61	$4 779,90	$716,99	$6 242,40	$953 802,13
24	$953 802,13	$4 769,01	$715,36	$6 242,40	$951 613,38
25	$951 613,38	$4 758,06	$713,72	$6 242,40	$949 415,33
26	$949 415,33	$4 747,07	$712,07	$6 367,24	$947 083,10
27	$947 083,10	$4 735,42	$710,32	$6 367,24	$944 740,95
28	$944 740,95	$4 723,69	$708,55	$6 367,24	$942 388,84
29	$942 388,84	$4 711,93	$706,79	$6 367,24	$940 026,73
30	$940 026,73	$4 700,13	$705,01	$6 367,24	$937 654,59
31	$937 654,59	$4 688,27	$703,25	$6 367,24	$935 272,37
32	$935 272,37	$4 676,35	$701,46	$6 367,24	$932 880,02
33	$932 880,02	$4 664,39	$699,65	$6 367,24	$930 477,51
34	$930 477,51	$4 652,39	$697,86	$6 367,24	$928 064,79
35	$928 064,79	$4 640,31	$696,04	$6 367,24	$925 641,81
36	$925 641,81	$4 628,21	$694,24	$6 367,24	$923 208,54
37	$923 208,54	$4 616,03	$692,40	$6 367,24	$920 764,92
38	$920 764,92	$4 603,81	$690,58	$6 494,59	$918 183,57
39	$918 183,57	$4 590,92	$688,63	$6 494,59	$915 591,25
40	$915 591,25	$4 577,96	$686,70	$6 494,59	$912 987,92
41	$912 987,92	$4 564,93	$684,75	$6 494,59	$910 373,52
42	$910 373,52	$4 551,86	$682,78	$6 494,59	$907 748,00
43	$907 748,00	$4 538,73	$680,82	$6 494,59	$905 111,33
44	$905 111,33	$4 525,56	$678,84	$6 494,59	$902 463,46
45	$902 463,46	$4 512,31	$676,85	$6 494,59	$899 804,34
46	$899 804,34	$4 499,02	$674,86	$6 494,59	$897 133,90
47	$897 133,90	$4 485,67	$672,86	$6 494,59	$894 452,12
48	$894 452,12	$4 472,26	$670,84	$6 494,59	$891 758,95
49	$891 758,95	$4 458,78	$668,82	$6 494,59	$889 054,32
50	$889 054,32	$4 445,27	$666,79	$6 624,48	$886 208,31
51	$886 208,31	$4 431,03	$664,65	$6 624,48	$883 350,20
52	$883 350,20	$4 416,75	$662,51	$6 624,48	$880 479,95
53	$880 479,95	$4 402,39	$660,36	$6 624,48	$877 597,50
54	$877 597,50	$4 387,98	$658,20	$6 624,48	$874 702,81
55	$874 702,81	$4 373,51	$656,02	$6 624,48	$871 795,80
56	$871 795,80	$4 358,97	$653,85	$6 624,48	$868 876,45
57	$868 876,45	$4 344,38	$651,65	$6 624,48	$865 944,68
58	$865 944,68	$4 329,72	$649,46	$6 624,48	$863 000,46
59	$863 000,46	$4 315,00	$647,25	$6 624,48	$860 043,73
60	$860 043,73	$4 300,22	$645,03	$6 624,48	$857 074,42
61	$857 074,42	$4 285,36	$642,80	$6 624,48	$854 092,50
62	$854 092,50	$4 270,46	$640,57	$6 756,97	$850 965,41
63	$850 965,41	$4 254,82	$638,23	$6 756,97	$847 825,04
64	$847 825,04	$4 239,13	$635,87	$6 756,97	$844 671,32
65	$844 671,32	$4 223,35	$633,50	$6 756,97	$841 504,20
66	$841 504,20	$4 207,52	$631,12	$6 756,97	$838 323,61
67	$838 323,61	$4 191,61	$628,75	$6 756,97	$835 129,51
68	$835 129,51	$4 175,64	$626,35	$6 756,97	$831 921,83
69	$831 921,83	$4 159,60	$623,95	$6 756,97	$828 700,52
70	$828 700,52	$4 143,50	$621,52	$6 756,97	$825 465,52
71	$825 465,52	$4 127,32	$619,10	$6 756,97	$822 216,77
72	$822 216,77	$4 111,07	$616,66	$6 756,97	$818 954,21
73	$818 954,21	$4 094,76	$614,22	$6 756,97	$815 677,78
74	$815 677,78	$4 078,38	$611,75	$6 892,11	$812 252,30
75	$812 252,30	$4 061,26	$609,19	$6 892,11	$808 812,25
76	$808 812,25	$4 044,05	$606,61	$6 892,11	$805 357,59
77	$805 357,59	$4 026,78	$604,01	$6 892,11	$801 888,25
78	$801 888,25	$4 009,44	$601,41	$6 892,11	$798 404,15
79	$798 404,15	$3 992,01	$598,80	$6 892,11	$794 905,25
80	$794 905,25	$3 974,53	$596,17	$6 892,11	$791 391,48
81	$791 391,48	$3 956,96	$593,54	$6 892,11	$787 862,78
82	$787 862,78	$3 939,30	$590,89	$6 892,11	$784 319,08
83	$784 319,08	$3 921,59	$588,24	$6 892,11	$780 760,32
84	$780 760,32	$3 903,80	$585,58	$6 892,11	$777 186,43
85	$777 186,43	$3 885,92	$582,88	$6 892,11	$773 597,35
86	$773 597,35	$3 867,98	$580,20	$7 029,95	$769 855,19
87	$769 855,19	$3 849,28	$577,39	$7 029,95	$766 097,11
88	$766 097,11	$3 830,48	$574,58	$7 029,95	$762 323,06
89	$762 323,06	$3 811,61	$571,75	$7 029,95	$758 532,98
90	$758 532,98	$3 792,65	$568,89	$7 029,95	$754 726,78
91	$754 726,78	$3 773,63	$566,04	$7 029,95	$750 904,41
92	$750 904,41	$3 754,51	$563,17	$7 029,95	$747 065,79
93	$747 065,79	$3 735,32	$560,29	$7 029,95	$743 210,86
94	$743 210,86	$3 716,05	$557,40	$7 029,95	$739 339,55
95	$739 339,55	$3 696,69	$554,50	$7 029,95	$735 451,78
96	$735 451,78	$3 677,26	$551,59	$7 029,95	$731 547,49
97	$731 547,49	$3 657,73	$548,66	$7 029,95	$727 626,61
98	$727 626,61	$3 638,13	$545,72	$7 170,55	$723 548,46
99	$723 548,46	$3 617,73	$542,66	$7 170,55	$719 452,98
100	$719 452,98	$3 597,26	$539,59	$7 170,55	$715 340,09
101	$715 340,09	$3 576,69	$536,50	$7 170,55	$711 209,73
102	$711 209,73	$3 556,05	$533,40	$7 170,55	$707 061,81
103	$707 061,81	$3 535,30	$530,29	$7 170,55	$702 896,27
104	$702 896,27	$3 514,48	$527,17	$7 170,55	$698 713,01
105	$698 713,01	$3 493,57	$524,03	$7 170,55	$694 511,98
106	$694 511,98	$3 472,55	$520,88	$7 170,55	$690 293,10
107	$690 293,10	$3 451,46	$517,73	$7 170,55	$686 056,28
108	$686 056,28	$3 430,28	$514,54	$7 170,55	$681 801,46
109	$681 801,46	$3 409,01	$511,36	$7 170,55	$677 528,55
110	$677 528,55	$3 387,63	$508,14	$7 313,96	$673 094,08
111	$673 094,08	$3 365,46	$504,82	$7 313,96	$668 640,75
112	$668 640,75	$3 343,19	$501,48	$7 313,96	$664 168,50
113	$664 168,50	$3 320,84	$498,12	$7 313,96	$659 677,25
114	$659 677,25	$3 298,38	$494,75	$7 313,96	$655 166,91
115	$655 166,91	$3 275,82	$491,37	$7 313,96	$650 637,39
116	$650 637,39	$3 253,19	$487,98	$7 313,96	$646 088,64
117	$646 088,64	$3 230,44	$484,56	$7 313,96	$641 520,54
118	$641 520,54	$3 207,59	$481,13	$7 313,96	$636 933,03
119	$636 933,03	$3 184,67	$477,70	$7 313,96	$632 326,03
120	$632 326,03	$3 161,63	$474,25	$7 313,96	$627 699,44
121	$627 699,44	$3 138,50	$470,77	$7 313,96	$623 053,19
122	$623 053,19	$3 115,26	$467,30	$7 460,24	$618 240,92
123	$618 240,92	$3 091,19	$463,68	$7 460,24	$613 408,19
124	$613 408,19	$3 067,03	$460,06	$7 460,24	$608 554,93
125	$608 554,93	$3 042,76	$456,42	$7 460,24	$603 681,03
126	$603 681,03	$3 018,40	$452,76	$7 460,24	$598 786,43
127	$598 786,43	$2 993,92	$449,08	$7 460,24	$593 871,02
128	$593 871,02	$2 969,36	$445,41	$7 460,24	$588 934,72
129	$588 934,72	$2 944,67	$441,70	$7 460,24	$583 977,44
130	$583 977,44	$2 919,88	$437,99	$7 460,24	$578 999,09
131	$578 999,09	$2 895,00	$434,25	$7 460,24	$573 999,60
132	$573 999,60	$2 870,00	$430,50	$7 460,24	$568 978,85
133	$568 978,85	$2 844,88	$426,74	$7 460,24	$563 936,75
134	$563 936,75	$2 819,67	$422,95	$7 609,45	$558 724,02
135	$558 724,02	$2 793,61	$419,05	$7 609,45	$553 489,14
136	$553 489,14	$2 767,44	$415,12	$7 609,45	$548 232,02
137	$548 232,02	$2 741,15	$411,18	$7 609,45	$542 952,55
138	$542 952,55	$2 714,76	$407,22	$7 609,45	$537 650,64
139	$537 650,64	$2 688,25	$403,24	$7 609,45	$532 326,20
140	$532 326,20	$2 661,63	$399,25	$7 609,45	$526 979,13
141	$526 979,13	$2 634,90	$395,24	$7 609,45	$521 609,34
142	$521 609,34	$2 608,05	$391,20	$7 609,45	$516 216,73
143	$516 216,73	$2 581,07	$387,17	$7 609,45	$510 801,19
144	$510 801,19	$2 554,01	$383,11	$7 609,45	$505 362,64
145	$505 362,64	$2 526,80	$379,02	$7 609,45	$499 900,97
146	$499 900,97	$2 499,50	$374,93	$7 761,63	$494 263,90
147	$494 263,90	$2 471,32	$370,69	$7 761,63	$488 602,88
148	$488 602,88	$2 443,01	$366,45	$7 761,63	$482 917,79
149	$482 917,79	$2 414,59	$362,18	$7 761,63	$477 208,55
150	$477 208,55	$2 386,03	$357,91	$7 761,63	$471 475,04
151	$471 475,04	$2 357,38	$353,61	$7 761,63	$465 717,17
152	$465 717,17	$2 328,59	$349,29	$7 761,63	$459 934,83
153	$459 934,83	$2 299,67	$344,95	$7 761,63	$454 127,90
154	$454 127,90	$2 270,63	$340,60	$7 761,63	$448 296,30
155	$448 296,30	$2 241,48	$336,23	$7 761,63	$442 439,91
156	$442 439,91	$2 212,19	$331,82	$7 761,63	$436 558,64
157	$436 558,64	$2 182,78	$327,42	$7 761,63	$430 652,37
158	$430 652,37	$2 153,26	$322,99	$7 916,87	$424 565,77
159	$424 565,77	$2 122,82	$318,43	$7 916,87	$418 453,29
160	$418 453,29	$2 092,26	$313,85	$7 916,87	$412 314,84
161	$412 314,84	$2 061,57	$309,24	$7 916,87	$406 150,30
162	$406 150,30	$2 030,75	$304,62	$7 916,87	$399 959,56
163	$399 959,56	$1 999,79	$299,97	$7 916,87	$393 742,51
164	$393 742,51	$1 968,71	$295,31	$7 916,87	$387 499,04
165	$387 499,04	$1 937,50	$290,62	$7 916,87	$381 229,04
166	$381 229,04	$1 906,15	$285,93	$7 916,87	$374 932,38
167	$374 932,38	$1 874,66	$281,19	$7 916,87	$368 608,97
168	$368 608,97	$1 843,03	$276,45	$7 916,87	$362 258,68
169	$362 258,68	$1 811,28	$271,69	$7 916,87	$355 881,40
170	$355 881,40	$1 779,41	$266,92	$8 075,21	$349 318,68
171	$349 318,68	$1 746,58	$261,99	$8 075,21	$342 728,07
172	$342 728,07	$1 713,64	$257,05	$8 075,21	$336 109,45
173	$336 109,45	$1 680,54	$252,09	$8 075,21	$329 462,70
174	$329 462,70	$1 647,30	$247,09	$8 075,21	$322 787,70
175	$322 787,70	$1 613,94	$242,09	$8 075,21	$316 084,33
176	$316 084,33	$1 580,42	$237,06	$8 075,21	$309 352,47
177	$309 352,47	$1 546,75	$232,02	$8 075,21	$302 592,00
178	$302 592,00	$1 512,96	$226,94	$8 075,21	$295 802,80
179	$295 802,80	$1 479,00	$221,86	$8 075,21	$288 984,74
180	$288 984,74	$1 444,92	$216,74	$8 075,21	$282 137,71
181	$282 137,71	$1 410,69	$211,61	$8 075,21	$275 261,58
182	$275 261,58	$1 376,30	$206,44	$8 236,71	$268 194,72
183	$268 194,72	$1 340,97	$201,15	$8 236,71	$261 097,83
184	$261 097,83	$1 305,49	$195,83	$8 236,71	$253 970,77
185	$253 970,77	$1 269,84	$190,47	$8 236,71	$246 813,43
186	$246 813,43	$1 234,06	$185,12	$8 236,71	$239 625,67
187	$239 625,67	$1 198,13	$179,71	$8 236,71	$232 407,36
188	$232 407,36	$1 162,03	$174,31	$8 236,71	$225 158,38
189	$225 158,38	$1 125,78	$168,87	$8 236,71	$217 878,58
190	$217 878,58	$1 089,39	$163,40	$8 236,71	$210 567,85
191	$210 567,85	$1 052,83	$157,93	$8 236,71	$203 226,04
192	$203 226,04	$1 016,12	$152,41	$8 236,71	$195 853,04
193	$195 853,04	$979,26	$146,90	$8 236,71	$188 448,70
194	$188 448,70	$942,24	$141,34	$8 401,44	$180 848,15
195	$180 848,15	$904,24	$135,63	$8 401,44	$173 215,30
196	$173 215,30	$866,08	$129,91	$8 401,44	$165 550,01
197	$165 550,01	$827,75	$124,17	$8 401,44	$157 852,14
198	$157 852,14	$789,25	$118,39	$8 401,44	$150 121,56
199	$150 121,56	$750,61	$112,59	$8 401,44	$142 358,12
200	$142 358,12	$711,78	$106,76	$8 401,44	$134 561,70
201	$134 561,70	$672,80	$100,93	$8 401,44	$126 732,13
202	$126 732,13	$633,65	$95,04	$8 401,44	$118 869,29
203	$118 869,29	$594,35	$89,15	$8 401,44	$110 973,03
204	$110 973,03	$554,87	$83,23	$8 401,44	$103 043,21
205	$103 043,21	$515,22	$77,29	$8 401,44	$95 079,69
206	$95 079,69	$475,39	$71,31	$8 569,47	$86 914,31
207	$86 914,31	$434,56	$65,18	$8 569,47	$78 714,21
208	$78 714,21	$393,56	$59,03	$8 569,47	$70 479,26
209	$70 479,26	$352,39	$52,85	$8 569,47	$62 209,32
210	$62 209,32	$311,05	$46,65	$8 569,47	$53 904,24
211	$53 904,24	$269,51	$40,42	$8 569,47	$45 563,85
212	$45 563,85	$227,81	$34,17	$8 569,47	$37 188,01
213	$37 188,01	$185,93	$27,89	$8 569,47	$28 776,57
214	$28 776,57	$143,87	$21,58	$8 569,47	$20 329,39
215	$20 329,39	$101,65	$15,25	$8 569,47	$11 846,31
216	$11 846,31	$59,22	$8,89	$3 327,17	$3 327,17

↓ Expand the schedule ↓

Consider alternative scenarios

Higher monthly withdrawals

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

$6 600,00 per month for 15 years 10 months
$7 200,00 per month for 14 years 2 months

Monthly withdrawal	Duration
$6 600,00	15 years 10 months
$7 200,00	14 years 2 months

Lower monthly withdrawals

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

$5 400,00 per month for 20 years 10 months
$4 800,00 per month for 24 years 8 months

Monthly withdrawal	Duration
$5 400,00	20 years 10 months
$4 800,00	24 years 8 months

Different interest rate

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

4.8% ensures stable withdrawals for 16 years 3 months
6% ensures stable withdrawals for 18 years
7.2% ensures stable withdrawals for 20 years 5 months

Interest rate	Monthly withdrawal	Duration
4.8%	$6 000,00	16 years 3 months
6%	$6 000,00	18 years
7.2%	$6 000,00	20 years 5 months

Higher initial savings

With higher initial amount you will be able to withdraw $6 000,00 for much longer:

$1 100 000,00 will last for 20 years 6 months
$1 200 000,00 will last for 23 years 3 months
$1 300 000,00 will last for 26 years 3 months

Initial savings	Monthly withdrawal	Duration
$1 100 000,00	$6 000,00	20 years 6 months
$1 200 000,00	$6 000,00	23 years 3 months
$1 300 000,00	$6 000,00	26 years 3 months

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