How long $100,000 lasts at 5% when you withdraw $1,000 a month
$100,000 earns 5% compounded monthly while $1,000 is withdrawn at the end of every month.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 10 years 10 months |
|---|---|
| Time until assets run out (Taxed per period) | About 10 years 2 months |
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Year-by-year growth
| Year | Withdrawn | Balance |
|---|---|---|
| 1 | 12,000 | 92,837 |
| 2 | 24,000 | 85,308 |
| 3 | 36,000 | 77,394 |
| 4 | 48,000 | 69,074 |
| 5 | 60,000 | 60,329 |
| 6 | 72,000 | 51,137 |
| 7 | 84,000 | 41,474 |
| 8 | 96,000 | 31,318 |
| 9 | 108,000 | 20,641 |
| 10 | 120,000 | 9,418 |
| 11 | 129,626 | 0 |