Savings Withdrawal Calculator

How to use this calculator

The calculator offers two ways to plan your savings withdrawals. To use this calculator, enter:

• Your current savings amount
• The expected annual interest rate
• Your desired monthly withdrawal
• How long you need the money to last

The calculator will then show you how many years your savings will last at your desired monthly withdrawal rate, in addition to the amount you can safely withdraw each month.

What could affect your withdrawal strategy

Interest rates play an important role in how long your savings will last. High-yield savings accounts and certificates of deposit (CDs) offer competitive rates that often beat what you’ll find at traditional banks. Higher interest earnings can significantly extend how long your savings last.

The frequency of withdrawals affects your savings longevity. Monthly withdrawals are most common, but taking larger quarterly or annual withdrawals might help you better manage expenses while allowing more of your money to earn interest.

Inflation can impact your purchasing power over time. Consider increasing your withdrawal amount annually to maintain your standard of living, though this will reduce how long your savings last.