Living Off Savings Calculator

How long can you live with $857 143,00 in savings by paying yourself $5 000,00 per month?

Initial savings:	$857 143,00
Interest rate:	7%
Monthly withdrawal:	$5 000,00
Annual increase of withdrawal:	0%
Your savings will last for:	over 100 years

Initial amount of $857 143,00 will enough for over 100 years of retirement. The simulation assumes that you will keep investing with predicted anuual interest rate of 7%.

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 $857 143,00 with 7% interest rate will allow you to live on:

$5 500,00 per month for 34 years 4 months
$6 000,00 per month for 25 years 8 months

Monthly withdrawal	Duration
$5 500,00	34 years 4 months
$6 000,00	25 years 8 months

Lower monthly withdrawals

Initial amount of $857 143,00 with 7% 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 $857 143,00

5.6% ensures stable withdrawals for 28 years 9 months
7% ensures stable withdrawals for over 100 years
8.4% ensures stable withdrawals for over 100 years

Interest rate	Monthly withdrawal	Duration
5.6%	$5 000,00	28 years 9 months
7%	$5 000,00	over 100 years
8.4%	$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:

$942 857,30 will last for over 100 years
$1 028 571,60 will last for over 100 years
$1 114 285,90 will last for over 100 years

Initial savings	Monthly withdrawal	Duration
$942 857,30	$5 000,00	over 100 years
$1 028 571,60	$5 000,00	over 100 years
$1 114 285,90	$5 000,00	over 100 years