How Long Will My Money Last Calculator
See how many years savings last when you take money out each year. The page allows for a return on the balance and for inflation, so each withdrawal keeps its buying power.
- Free
- Works offline after your first visit
- Saves on this device
- No sign-up
- Updated
How it works
The return and inflation are combined into one real return, which is how much the savings grow after prices rise. The withdrawal is counted in today's money, so it keeps its buying power. The page then uses the standard formula for how many yearly withdrawals a balance covers at that real return.
If the withdrawal is no more than the real growth on the balance, the money does not run out in this model, and the page gives no year count. Returns change from year to year, so treat this as a planning estimate.
Worked example
With $500,000.00 saved, a first-year withdrawal of $30,000.00 that rises with inflation of 2.5%, and a return of 5%, the money lasts about 21.7 years.
Questions
Why use a real return?
Taking inflation out keeps the answer in today's money, so each withdrawal keeps its buying power over the years.
Does this include taxes?
No. Taxes on withdrawals or gains are not part of the figure.
Is the return a promise?
No. Returns change from year to year, and one steady rate is a simplification.
More like this
- Mortgage CalculatorFull monthly payment, total interest and payoff date.
- Amortization CalculatorPayment and a month-by-month payoff schedule.
- Interest CalculatorSimple or compound interest on any amount.
- Future Value CalculatorWhat savings grow to with deposits.
- Savings CalculatorSavings growth with deposits and interest.
- Extra Payment CalculatorTime and interest saved by paying extra.