How long $100,000 lasts at 3% when you withdraw $5,000 a month
$100,000 earns 3% compounded monthly while $5,000 is withdrawn at the end of every month. The calculation runs for up to 50 years.
Result
| Time until assets run out (Tax-free) | About 1 years 9 months |
|---|---|
| Time until assets run out (Taxed per period) | About 1 years 9 months |
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Year-by-year growth
| Year | Withdrawn | Balance |
|---|---|---|
| 1 | 60,000 | 42,210 |
| 2 | 102,709 | 0 |