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How long will your savings last with regular withdrawals?

Should your savings supplement your income, finance a break or cover certain years? The calculator shows how the balance develops when you withdraw an amount regularly while also having returns and any costs.

Applies to the amounts in this calculator.

GBP
GBP

For example 7 or 10; −20; 10.

%
% per year

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Worked example
  • Savings: 56,000.00 GBP
  • Withdrawal per month: 560.00 GBP
  • Return per year after costs: 4 %
  • The withdrawal increases by: 2 % per year

The savings last for

110 withdrawals

9 years and 2 months · remaining 36 GBP

Balance at year end
YearBalance
1 51,375 GBP
2 46,428 GBP
3 41,143 GBP
4 35,504 GBP
5 29,494 GBP
6 23,094 GBP
7 16,287 GBP
8 9,053 GBP
9 1,372 GBP

Withdrawal at the start of the month, then the return. A calculation scenario, not a guarantee.

Withdrawals and inflation affect the balance

Enter the starting amount and the desired withdrawal. Choose whether the withdrawal should be a fixed amount or rise with inflation. A fixed amount typically buys less over time, while an inflation-adjusted withdrawal requires more of the balance.

The order of returns matters. Bad years early on can be harder to handle when money is being withdrawn at the same time. That is why you can compare an even path with scenarios where the return varies from year to year.

How to plan the withdrawals

Separate necessary and flexible expenses

Start with the amount that must be covered every month. Then look at what happens if some withdrawals can be reduced for periods. That makes the consequence of your spending visible.

Example without returns

Savings of 120,000 last for 12 monthly withdrawals of 10,000 when there are no interest, costs or price increases. With other assumptions, the path changes.

The result is a calculation scenario, not a guarantee of how long investments will last. Also check the tax and terms of the account the money is in. Retirement savings and ordinary savings can have different withdrawal rules. The budget calculator can help you find the monthly amount you want to continue calculating with.