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Saving for Retirement and Withdrawal
This saving & withdrawal calculator helps answer the questions for example:
If I have $5,000 in savings now and save $500 every month, with an annual rate of return of 8%, what is the calculated expected savings at the end of 20 years?
If I have $5,000 in savings now, with an annual rate of return of 8%, how much should I save every month to become a millionaire (with ending savings of $1 million) at the end of 20 years?
(Phase 2) How much money can I withdraw monthly from these savings for 40 years until they run out?
Phase 1
Current savings
Future monthly
savings
Savings
for
years
Annual investment yield
Max yield suggested
The suggested max annual investment yield, based on the investment horizon, for the most aggressive investors. For conservative investors, the yield input should be lower than this.
Ending savings
Make ending zero
Show Phase 2
Hide 2nd Phase
Phase 2
Beginning savings
Future monthly
savings
Savings
for
years
Annual investment yield
Max yield suggested
The suggested max annual investment yield, based on the investment horizon, for the most aggressive investors. For conservative investors, the yield input should be lower than this.
Ending savings
Make ending zero
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