Money Lasting Calculator

Understanding Your Results

Your results will tell you about how long you can expect your money to last you. It will plainly outline the number of years that it should last. As a note, this calculator is not accurate for situations where the money will not last even a year. Additionally, you will see the total amount of money withdrawn. This is useful to know as you will be able to see how much your money has grown due to interest and how far it can get you.

How to Use the Money Lasting Tool

Understanding how long your money can last you can determine your lifestyle and spending habits. This tool simplifies the process of finding that value and does all the calculations for you. The steps involved with using this tool includes:

1. Enter your current savings or balance of the account that you want to analyze.


2. Enter the average annual return on the account. By default, 6.0 is entered but this number can even be zero.


3. Enter the amount of money you plan on spending per month.


4. Enter the amount percent you plan to increase your withdrawal amount by each year, if any.


5. Hit the calculate button and instantly get your results.

Calculation Example

We just hit it big in the lottery. We have won a total of $700,000 after taxes. This is great and we can now use this tool to determine how long this money can last for us. For current savings, we can enter 700,000 as this is the money we are working with. For average annual return rate, we can enter 2.3% as we are going to be putting it into a HYSA from our bank. We are planning to withdraw $3,000 a month and we will be increasing the amount withdrawn each year by 1% so we will enter 1 into the final field. We can now hit calculate and get a total of 23 years that this money will last us. In total, we would have withdrawn a total of $925,786.