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Use this calculator to find out how long you can make recurring withdrawals of a specified amount from your savings account.
Starting balance
Withdrawal amount
Rate of return
Withdrawal period
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Show amortization schedule
You would be able to make 145 Monthly withdrawals in the amount of $1,000.00 and one final withdrawal of $743.07.
Calculator tips
This calculator assumes that periodic withdrawals will start on the first day of the current month and that Daily compounding is used for the accrual of interest on your savings.
Calculator disclaimer
The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.
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