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Turn a lump sum into a monthly income.
Balanceₙ = (Balanceₙ₋₁ − W) × (1 + i)
Each month, the fixed withdrawal is subtracted from the balance first, then the remaining balance grows by one month of the expected return. This calculator simulates that month by month across your full time period, which also produces the yearly schedule directly.
Investing $100,000 up front, withdrawing $500/month at an expected 7% return, over 10 years — a withdrawal rate below the return rate, so the balance grows even while you withdraw:
Inputs
Results
Total withdrawn
$144,000.00
Total interest earned
$73,845.68
Final balance
$29,845.68
How much of your total withdrawals came from growth vs. your original investment.
How your remaining balance changes as you withdraw and it keeps growing.
15 years, opening/closing balance and withdrawals.