How long $100,000 lasts at 7% when you withdraw $1,000 a month
$100,000 earns 7% compounded monthly while $1,000 is withdrawn at the end of every month.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 12 years 7 months |
|---|---|
| Time until assets run out (Taxed per period) | About 11 years 3 months |
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Year-by-year growth
| Year | Withdrawn | Balance |
|---|---|---|
| 1 | 12,000 | 94,836 |
| 2 | 24,000 | 89,299 |
| 3 | 36,000 | 83,362 |
| 4 | 48,000 | 76,996 |
| 5 | 60,000 | 70,169 |
| 6 | 72,000 | 62,849 |
| 7 | 84,000 | 55,000 |
| 8 | 96,000 | 46,583 |
| 9 | 108,000 | 37,558 |
| 10 | 120,000 | 27,880 |
| 11 | 132,000 | 17,503 |
| 12 | 144,000 | 6,376 |
| 13 | 150,514 | 0 |