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How Long Could Your Retirement Savings Pay You?
Estimate how much monthly income your 401(k), IRA, or annuity balance could generate during retirement.
Your Numbers
Total savings to draw from (401k, IRA, annuity, etc.)
Expected annual growth rate (0% for no growth)
How many years you want income to last
Payout Frequency
Your Estimate
Total Payments
$475,168
Total Interest Earned
$175,168
Starting Principal
$300,000
Ending Balance
$0
Year-by-Year Schedule
Hypothetical balance, interest, and payments by year
| Year | Starting Balance | Interest Earned | Payments Out | Ending Balance |
|---|---|---|---|---|
| 1 | $300,000 | $14,796 | $23,758 | $291,038 |
| 2 | $291,038 | $14,338 | $23,758 | $281,618 |
| 3 | $281,618 | $13,856 | $23,758 | $271,715 |
| 4 | $271,715 | $13,349 | $23,758 | $261,306 |
| 5 | $261,306 | $12,817 | $23,758 | $250,365 |
+ 15 more years —
This calculator provides hypothetical illustrations for educational purposes only. It is not a guarantee of future performance, financial advice, or an offer to buy or sell any financial product. Actual results will vary based on market conditions, carrier terms, and individual circumstances. Please consult a licensed financial professional before making retirement income decisions.