Compound Interest Calculator With Monthly Withdrawals

See how long a balance lasts when you withdraw a fixed amount every month while interest compounds.

Formula

Each month: balance = balance × (1 + annual rate / 12) − withdrawal. The loop stops early if the balance reaches zero.

Examples

InputResult
$500,000 at 6%, $3,000/mo, 20 yrs$268,979.55 left after 20 years
$200,000 at 5%, $1,000/mo, 10 yrs$174,119.62 left after 10 years
$100,000 at 8%, $800/mo, 30 yrsRuns out in month 270 (22.5 years)

Frequently Asked Questions

What is a safe withdrawal rate?

A commonly cited retirement rule of thumb is around 4% of the starting balance per year, but it depends on returns, inflation and how long the money must last. This calculator shows the arithmetic, not a recommendation.

Why does a high average return not guarantee the money lasts?

Withdrawals happen every month regardless of market moves; a bad early sequence of returns can deplete a balance even when the long-run average return looks healthy.

Does this account for inflation or taxes?

No. Withdrawals are treated as fixed nominal amounts — in practice they usually need to rise with inflation, and taxes reduce the spendable amount.

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Disclaimer: This calculator is for informational and educational purposes only and does not constitute financial, investment, tax or legal advice. Results are estimates — actual returns, rates and terms vary. Consult a qualified financial professional before making financial decisions.