How Long Will My Savings Last Calculator
Calculate how long will my savings last from your own entered figures.
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Currency: Amounts are calculated in the currency you select; this site does not convert between currencies and does not use live exchange rates.
What this tool does
Calculate how long will my savings last from your own entered figures. Returns are smooth and monthly rather than market-like; taxes, fees and irregular spending are not included, and a result of 100 years means the balance outlasted the simulation cap.
How to use the How Long Will My Savings Last Calculator
- Enter or select current savings balance.
- Enter or select monthly withdrawal.
- Enter or select expected annual return (%).
- Enter or select annual withdrawal increase (%).
- Read the calculated result; change any measurement to compare alternatives.
Formula
month-by-month drawdown: each month the balance earns the monthly equivalent of the entered annual return, the withdrawal (raised yearly by the entered increase) is taken out, and the simulation stops when the balance reaches zero (capped at 100 years)
- balance
- Current savings balance
- monthly
- Monthly withdrawal
- ret
- Expected annual return (%)
- increase
- Annual withdrawal increase (%)
Returns are smooth and monthly rather than market-like; taxes, fees and irregular spending are not included, and a result of 100 years means the balance outlasted the simulation cap.
Worked example
For how long will my savings last calculator, the following measurements illustrate the exact method: Current savings balance: 250000; Monthly withdrawal: 1500; Expected annual return (%): 5; Annual withdrawal increase (%): 0.
Inputs
- Current savings balance250000
- Monthly withdrawal1500
- Expected annual return (%)5
- Annual withdrawal increase (%)0
Result
- Years your savings last23.33
- Months your savings last280
- Total withdrawn$419,241.24
Results explained
- Years your savings last
- Years your savings last from the formula above. Returns are smooth and monthly rather than market-like; taxes, fees and irregular spending are not included, and a result of 100 years means the balance outlasted the simulation cap.
- Months your savings last
- Months your savings last from the formula above. Returns are smooth and monthly rather than market-like; taxes, fees and irregular spending are not included, and a result of 100 years means the balance outlasted the simulation cap.
- Total withdrawn
- Total withdrawn from the formula above. Returns are smooth and monthly rather than market-like; taxes, fees and irregular spending are not included, and a result of 100 years means the balance outlasted the simulation cap.
Frequently asked questions
month-by-month drawdown: each month the balance earns the monthly equivalent of the entered annual return, the withdrawal (raised yearly by the entered increase) is taken out, and the simulation stops when the balance reaches zero (capped at 100 years)
Returns are smooth and monthly rather than market-like; taxes, fees and irregular spending are not included, and a result of 100 years means the balance outlasted the simulation cap.
No. All numbers are entered by you or come from the dated reference table shown on this page; calculations run locally.
This is an estimate, not financial, tax or legal advice. Verify the inputs and output with official sources and a qualified professional.
Check period consistency, currency, percentage inputs and the assumptions: Returns are smooth and monthly rather than market-like; taxes, fees and irregular spending are not included, and a result of 100 years means the balance outlasted the simulation cap.