Savings Withdrawal Calculator
Find out how much you can withdraw from your savings each period so the balance lasts for a set number of years while still earning interest.
What this calculator does
This calculator determines the fixed amount you could withdraw from a savings balance at regular intervals so that the balance, while still earning interest, is fully used up by the end of your chosen payout period.
How the formula works
This uses the standard present-value annuity payout formula: payment = balance × rate per period ÷ (1 − (1 + rate per period)−periods). Each withdrawal is the same size, and the remaining balance continues to earn interest between withdrawals, which is why the total amount withdrawn is generally more than the starting balance.
- If your expected return is 0%, the payment is simply the balance divided evenly across the number of payments.
- Actual returns vary and are not guaranteed, so this is an estimate rather than a fixed schedule.
This tool is for general planning and educational purposes only and is not financial advice.