How long $1,000,000 lasts at 5% when you withdraw $1,000 a month
$1,000,000 earns 5% compounded monthly while $1,000 is withdrawn at the end of every month.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) | Still lasts after 50 years |
|---|---|
| Time until assets run out (Taxed per period) | Still lasts after 50 years |
| Balance after 50 years (Tax-free) | $9,450,718.22 |
| Balance after 50 years (Taxed per period) | $5,407,383.27 |
This tool is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell any financial product. Simulation results do not guarantee future outcomes. Investment decisions are your own responsibility.
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Year-by-year growth
| Year | Withdrawn | Balance |
|---|---|---|
| 1 | 12,000 | 1,038,883 |
| 2 | 24,000 | 1,079,755 |
| 3 | 36,000 | 1,122,719 |
| 4 | 48,000 | 1,167,880 |
| 5 | 60,000 | 1,215,352 |
| 6 | 72,000 | 1,265,253 |
| 7 | 84,000 | 1,317,707 |
| 8 | 96,000 | 1,372,844 |
| 9 | 108,000 | 1,430,803 |
| 10 | 120,000 | 1,491,726 |
| 11 | 132,000 | 1,555,767 |
| 12 | 144,000 | 1,623,084 |
| 13 | 156,000 | 1,693,845 |
| 14 | 168,000 | 1,768,227 |
| 15 | 180,000 | 1,846,414 |
| 16 | 192,000 | 1,928,601 |
| 17 | 204,000 | 2,014,993 |
| 18 | 216,000 | 2,105,805 |
| 19 | 228,000 | 2,201,263 |
| 20 | 240,000 | 2,301,605 |
| 21 | 252,000 | 2,407,080 |
| 22 | 264,000 | 2,517,952 |
| 23 | 276,000 | 2,634,496 |
| 24 | 288,000 | 2,757,003 |
| 25 | 300,000 | 2,885,778 |
| 26 | 312,000 | 3,021,141 |
| 27 | 324,000 | 3,163,429 |
| 28 | 336,000 | 3,312,997 |
| 29 | 348,000 | 3,470,218 |
| 30 | 360,000 | 3,635,482 |
| 31 | 372,000 | 3,809,201 |
| 32 | 384,000 | 3,991,808 |
| 33 | 396,000 | 4,183,757 |
| 34 | 408,000 | 4,385,528 |
| 35 | 420,000 | 4,597,621 |
| 36 | 432,000 | 4,820,565 |
| 37 | 444,000 | 5,054,915 |
| 38 | 456,000 | 5,301,255 |
| 39 | 468,000 | 5,560,198 |
| 40 | 480,000 | 5,832,390 |
| 41 | 492,000 | 6,118,507 |
| 42 | 504,000 | 6,419,262 |
| 43 | 516,000 | 6,735,405 |
| 44 | 528,000 | 7,067,722 |
| 45 | 540,000 | 7,417,042 |
| 46 | 552,000 | 7,784,233 |
| 47 | 564,000 | 8,170,210 |
| 48 | 576,000 | 8,575,934 |
| 49 | 588,000 | 9,002,416 |
| 50 | 600,000 | 9,450,718 |