Use this calculator to compute how much you would need to have invested in order to withdraw a specified amount each year over the course of a specified period of time. For example, if you want to be able to withdraw $500 during each month of your expected 20-year retirement, this calculator will tell you that if you expect to earn a 10% interest rate you will need to have $51,812.30 saved up by the time you retire. This is often referred to as "Present Value of an Annuity" analysis. To compute the Present Value of an Annuity, fill in the first three text boxes and then click the "compute" button.
Note: Other than decimal points, do not enter any other non-numeric characters (commas, dollar signs, etc.) in the entry boxes. Doing so will cause a JavaScript error.
Enter the amount you would like to withdraw each month:
Enter the Annual Interest Rate you expect to earn:
Enter the number of years you would like to make the monthly withdrawls:
This is how much you need to have saved:
DISCLAIMER: The accuracy of this calculator and its application to your specificsituation is not guaranteed. We encourage you seek advice from qualifiedprofessionals regarding all personal finance issues.
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