Retirement spending calculator. For individuals whose standard of living will be determined by available assets, here is a simple calculator that tells how much income you can draw from a particular lump sum. Enter the starting amount, rate of return, and number of withdrawals, and the calculator shows how much can be withdrawn so that the money will be exhausted when all withdrawals have been made. Big drawback: no inflation adjustment.
Inflation-adjusted retirement spending calculator. The calculator shown in Figure 2 adjusts for inflation and provides year-by-year withdrawal amounts and ending balances. These retirement income calculators are admittedly simplistic, assuming a constant rate of return throughout retirement. But at least they can serve as a starting point to a more detailed retirement income plan.
Source: Retirement withdrawal calculator at www.mycalculators.com
Figure 2: Inflation-Adjusted
Retirement Spending Calculator