To operate the How Long Will My Money Last? calculator, input your current savings, anticipated annual return, and withdrawal specifics.

Specify the withdrawal frequency and whether amounts will rise over time. Provide your tax bracket to obtain an accurate projection of your funds’ duration under the selected withdrawal approach.

How long will my money last?

You've worked hard to save. Find out how long your savings may last when you take regular withdrawals.

I have $ in savings earning an average annual return of % before taxes.

I plan to withdraw $ each and may increase my withdrawal amount by % every year.

My federal marginal tax bracket is %.

Year Withdrawal ($) Remaining Balance ($)

Understanding Your Results

The calculator helps you assess the longevity of your savings by considering crucial factors such as annual returns, withdrawal rates, tax impacts, and inflation adjustments.

  • Withdrawal Amount: How much you withdraw each year significantly impacts how long your savings will last.
  • Investment Returns: Consistent investment returns can extend the duration of your savings, while poor returns can quickly deplete your funds.
  • Tax Bracket: Your tax rate influences your net returns, affecting the longevity of your savings.
  • Inflation Adjustments: Increasing your withdrawal amount annually to match inflation can shorten the life span of your savings if returns don’t keep pace.

How to Extend the Longevity of Your Savings

If the calculator indicates your funds might run out sooner than expected, consider these strategies:

  • Reduce Withdrawals: Slightly decreasing your annual withdrawal can significantly extend your savings’ lifespan.
  • Optimize Investments: Adjust your portfolio for a balanced risk-reward profile to ensure steady growth and income.
  • Minimize Taxes: Investing in tax-efficient accounts or tax-advantaged funds can preserve more of your earnings.
  • Limit Withdrawal Increases: Keeping annual increases minimal helps maintain the sustainability of your savings.

The Importance of Regular Financial Reviews

Your financial situation and market conditions can change over time. Regularly revisiting and adjusting your financial plan helps ensure your savings remain on track to support your goals. Update your details in the calculator periodically to stay informed and prepared.

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