Calculator 2 of 4 · any currency · runs in your browser
How long will my money last?
See how many years your savings could pay a yearly withdrawal that rises with inflation, in your own currency.
Your money lasts
37 years
and covers about half of year 38
You take $40,000 a year, rising with inflation, from savings of $1,000,000. With a 5% return and 2.5% inflation, the real return (after inflation) is 2.44% a year. The withdrawals can be paid in full for 37 years.
Educational estimate only – not financial, tax or legal advice. Results depend on your inputs and the assumptions shown below, are not guaranteed, and may use figures that are out of date. Check the official sources yourself and consider a licensed professional before you decide. Full disclaimer
General information only. It does not take into account your objectives, financial situation or needs; consider whether it is appropriate for you and read the PDS and TMD before acquiring a financial product.
Year by year
| Year | Withdrawal | Balance at year end | In today's money |
|---|
How it works
The calculator repeats one step for every year of retirement:
Balance at year end = (balance at year start − withdrawal) × (1 + return)
The withdrawal is taken at the start of each year and rises with inflation, so it keeps the same buying power: withdrawal in year t = (yearly spending − other income) × (1 + inflation)t−1. The money "lasts" as long as the full withdrawal can be paid. If the return after inflation is high enough that the balance never falls in today's money, the result is "lasts indefinitely".
Assumptions
- One steady return and one steady inflation rate for every year. Real markets go up and down; the order of good and bad years matters and is not modelled here.
- The return is nominal (before inflation) and should already be after fees.
- Withdrawals and other income rise with inflation every year (many state pensions do, not all). If yours does not, a lower figure is the more cautious input. See how withdrawal approaches differ.
- Year 1 is valued at today's prices, as if retirement starts now.
- Taxes are not included. If you pay them from your savings, add them to your withdrawal.
- The table runs for at most 100 years.
- Not a forecast. The result is a what-if calculation from the numbers you enter. It does not predict future returns, inflation or how long your money will actually last.
- This is a planning estimate, not a guarantee and not personal advice.
Last reviewed: 2026-10-17. See our methodology and disclaimer. To estimate a target nest egg first, see How much do I need? To check whether you can retire at a given age, try Can I retire at X?
FAQ
How does this calculator work?
Each year it takes your withdrawal at the start of the year, then grows what is left by the return you entered. The withdrawal rises with inflation every year, so it keeps the same buying power. It counts how many years in a row the withdrawal can be paid in full.
What does "lasts indefinitely" mean?
With these inputs, the return after inflation is enough to pay each withdrawal without the balance falling in today's money. That is a result of the fixed, steady return in this model. Real returns go up and down, and a run of poor returns early in retirement can change the outcome.
Should I enter a nominal or a real return?
Enter a nominal return: the average yearly return before inflation, after any fees you pay. The calculator subtracts inflation itself and shows the resulting real return.
What return and inflation should I use?
We can't tell you which figures fit your situation. The defaults are round example values, not a forecast. Try a few different combinations to see how sensitive the result is.
Should I include my state pension or Social Security?
You can, if you expect to receive it. Enter it under "Other yearly income in retirement" in today's money. Only the part of your spending that this income does not cover is taken from your savings. Your own amount is available from the official pension or social security service in your country.
Does this account for taxes and market falls?
No. It uses one steady return and one steady inflation rate and ignores taxes, which differ by country and account type. It does not show what happens when poor returns come early.
Can I enter monthly amounts?
The calculator uses yearly amounts only. If you think in months, multiply your monthly spending and income by 12 before entering them.
Does this calculator store my data?
No. Everything is computed in your browser. What you type is not sent or stored, not even in your browser's local storage.
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