Savings Withdrawal Calculator

Starting Amount (PV)?:
Regular Withdrawal Amount?:
Number of Withdrawals? (#):
Annual Interest Rate?:
Enter a '0' (zero) for one unknown value above.
Today's Date? (m/d/y):
First Withdrawal Date? (m/d/y):
Withdrawal Frequency?:
Compounding Frequency?:

Withdrawals Total:
Interest Earned:
Last Withdrawal Date:
(c) 2013 Pine Grove Software, LLC All rights reserved.

Savings Withdrawal Help

You will find the savings withdrawal calculator to be very flexible. While it is most frequently used to calculate how long an investment will last assuming some periodic, regular withdrawal amount, it will also solve for the " Starting Amount", "Annual Interest Rate" or "Regular Withdrawal Amount" required if you want to dictate the duration of the payout. That is, if the withdrawals must last for say 25 years, it will calculate one of these other three values.

Enter any three values and enter a "0" (zero) for the one unknown value.

A note or two about "Compounding Frequency". Selecting he "Exact/Simple" option sets the calculator so it will not compound the interest. Also, the exact number of days between withdrawal dates is used to calculate the interest for the period. The "Daily" option uses the exact number of days between dates, but daily compounding is assumed. (The interest earned each day is added to the principal amount each day.) The "Exact/Simple" compounding option is the most conservative setting. That is, using it will result in the lowest future value. Daily compounding will result in nearly the greatest future value (except for "Continuous Compounding".

The other compounding frequencies are based on periods of time other than days. Each period is assumed to be of equal length for the purposes of interest calculations. That is, assuming a balance of $10,000, the interest earned for January will be the same interest earned for February given the same interest rate.


zip zilch
1 234,56 €
1.234,56 €
Click on desired currency convention or style to change.

New 03/04/2013 (BETA): If you discover any issue or have difficulty please contact us

This calculator complements our Savings Calculator. Use the two together to plan for a large purchase or retirment.

The Withdrawal Calculator will solve for any one of four unknowns. It is designed to answer the following types of questions:

  • How much do I have to have in savings to be able to withdrawal $4,500 a month for 20 years (240 months) assuming a rate of return of 5.5%?
  • If I have $650,000 cash-on-hand (PV), and I can earn a 6% return on my investments, how much can I withdrawal every quarter assuming I want the funds to last 25 years (100 quarters)?
  • If I have $1,250,000 cash-on-hand (or in cash like assets) what rate of return (interest rate) do I have to earn for the funds to last 30 years assuming an $8,000 a month withdrawal?
  • If I have $750,000 cash and I want to withdrawal $5,000 a month and I can earn 4.5% on my investments, how long will the $750,000 last?

The savings withdrawal calculator calculates the growth in principal due to the return on the investment as it deducts from the principal the withdrawal amount. The Withdrawal Schedule clearly shows the growth (interest received) offset by the withdrawal. Note, it is possible that the withdrawal amount is less than the interest earned for any period. In that case, the balance will continue to grow.

Click on the "Help" button for additional details and for an explanation about compounding

You may link to this page using this HTML code. Just copy and paste:

Here's a new version of this calculator (& website!)
that's ready for you to use.
Home    Site Help    Site Map     © Pine Grove Software, LLC, All Rights Reserved.    Privacy Policy    Contact Us     Store    Blog