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Retirement Payout Calculator – Help Guide

The Retirement Payout Calculator estimates how long your savings will last in retirement given a starting balance, monthly withdrawal amount, and expected rate of return. It helps you plan sustainable withdrawals and avoid outliving your savings.

How to Use This Tool

  1. 1

    Enter your retirement savings balance

    Input the total amount you have saved at the start of retirement.

  2. 2

    Enter your monthly withdrawal amount

    Enter how much you plan to withdraw each month to cover living expenses.

  3. 3

    Enter expected annual return

    Enter the annual growth rate you expect on your remaining investments.

  4. 4

    Review the payout schedule

    The calculator shows how long your savings will last and the balance at each year.

Helpful Tips

  • •Factor in inflation by using a real rate of return (nominal return minus inflation rate).
  • •Include all income sources: CPP, OAS, pension, and part-time work. Only enter the gap your savings need to cover.
  • •A common guideline is the 4% rule: withdraw 4% of your portfolio per year for a 30-year retirement.
  • •Review your plan annually and adjust withdrawals if your portfolio performs better or worse than expected.

Frequently Asked Questions

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