# Savings Withdrawal Calculator

URL: https://speedycalculator.com/calculators/finance/savings-withdrawal/
Last updated: 2026-10-25

> The savings withdrawal calculator works out how long your savings will last if you withdraw a fixed amount each month (optionally rising with inflation), or how much you can withdraw each month to make it last a chosen number of years.

## Inputs

- Savings balance
- Annual interest rate (%)
- Monthly withdrawal
- Yearly increase in withdrawals (%)
- Years the savings should last

## Results

- How long the savings last
- In years
- Total withdrawn
- Monthly withdrawal to last your chosen years
- Withdrawal that never runs out (interest only)

## Formula

```
Months it lasts = nper(i, withdrawal, balance), i = rate ÷ 12
Withdrawal for a duration = pmt(i, months, balance)
With growing withdrawals the money runs out sooner
```

## Explanation

If the monthly withdrawal is smaller than the monthly interest, your savings will never run out. Otherwise the balance falls slowly at first and faster later.

### How to use the Savings Withdrawal Calculator

- **Savings balance**
- **Annual interest rate**
- **Monthly withdrawal**
- **Yearly increase in withdrawals**
- **Years the savings should last**

Results update as you type, and every field accepts the units shown in its menu.

### How it works

Enter your savings balance, the interest rate, the monthly withdrawal, yearly withdrawal increase and the number of years the money should last.

### Tips

- Start early – time does more of the work than the amount you save.
- Take the full employer match if your plan offers one.
- Plan with a cautious return (4–6% after inflation) and check again every year.
- Know the contribution limits and required minimum distribution rules for your accounts.

### Common mistakes to avoid

- Ignoring inflation when setting a retirement target.
- Underestimating how long retirement can last.
- Withdrawing early and paying penalties and taxes.

### Inputs explained

FieldWhat to enterSavings balanceAmount in your currencyAnnual interest rateIn %Monthly withdrawalAmount in your currencyYearly increase in withdrawalsIn %Years the savings should lastA number

### What each result means

- **In years** = [How long the savings last]÷12
- **Monthly withdrawal to last your chosen years** = [Savings balance]÷gpv([Annual interest rate]÷1200, [Years the savings should last]×12, 1, [Monthly growth], 0)
- **Withdrawal that never runs out (interest only)** = [Savings balance]×[Annual interest rate]÷1200

### Example values

How the main result changes when **Savings balance** changes and everything else stays at the example values above:

Savings balanceHow long the savings last (months)150,00086225,000141300,000208375,000295450,000417

## Worked example

Inputs — Savings balance: $300,000; Annual interest rate: 4 %; Monthly withdrawal: $2,000; Yearly increase in withdrawals: 0 %; Years the savings should last: 20.

Results — **How long the savings last = 208 months**; In years = 17.4; Total withdrawn = $416,581.07; Monthly withdrawal to last your chosen years = $1,817.94; Withdrawal that never runs out (interest only) = $1,000.00.

## FAQ

**How long will my savings last?**
Divide the balance by your withdrawals, adjusted for interest – this calculator does it exactly.

**How much can I withdraw so it never runs out?**
No more than the interest it earns.

**Should I account for inflation?**
Yes – rising withdrawals use up savings faster.

**What formula does the Savings Withdrawal Calculator use?**
Months it lasts = nper(i, withdrawal, balance), i = rate ÷ 12.