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How Long Will My Retirement Savings Last?
Amount of Savings at Retirement:
$
Periodic Withdrawal Amount:
$
Frequency of Withdrawals:
Monthly
Quarterly
Semi-Annually
Annually
Annual rate of return:
Inflation Rate*:
0.0 %
1.0 %
2.0 %
3.0 %
4.0 %
5.0 %
10.0 %
Expected number of years of retirement:
*The inflation rate represents an assumed percentage increase in prices that you pay for goods and services. For example, the same basket of goods and services that you can buy today at $1,000 may cost you $1,040 next year. A higher inflation rate will shorten the period of time to enjoy your retirement savings. You may also choose to not factor in inflation by selecting 0%.
This calculator has been provided to assist you in estimating how long your tax-qualified retirement savings will last. The effects of applicable taxes on your retirement savings are not factored into the calculations. You should consult with your own legal or tax advisor regarding the options available to you. State Farm shall not be responsible for any tax penalties or other damages that result from use of the calculations presented.
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