SWP Calculator
Project a systematic withdrawal plan. The corpus grows each month, then the withdrawal is taken. You choose the rate.
How it is calculated
Balance = previous balance × (1 + i) − withdrawal
- i is the annual rate divided by 12 and then by 100.
- Growth is applied first. The withdrawal is taken after that, and it cannot exceed the balance.
- If a withdrawal cannot be paid in full, the corpus has run out in that month.
This is a projection or a description of the numbers you type. It is not financial advice.
A corpus paying you a fixed sum
A systematic withdrawal plan takes a fixed amount out of an invested corpus every month. If the corpus grows faster than you withdraw, the balance can last. If it does not, the balance reaches zero.
The rate is yours to edit. A higher assumed return makes the corpus last longer on this page, and that assumption can be wrong in a real market.
Questions
What does it mean if the corpus runs out?
In that month the requested withdrawal is larger than the balance after growth. The calculator pays what is left and stops the full withdrawal from then on.
Is the withdrawal taken before or after growth?
After. The money that is still invested grows for the month, and then the withdrawal is subtracted.
Does this guarantee a pension?
No. It is a constant-rate illustration. A year of poor returns can exhaust a corpus sooner than this chart shows.
Can the expected return be zero?
Yes. The balance then falls by the withdrawal each month, which is a useful lower bound.
Are taxes withheld from the withdrawal?
No. Enter the amount you want to take out. Tax is not calculated here.