Use this calculator to find out what rate of return you would need to make recurring withdrawals of a specified amount from an account.
Number of withdrawals
Show amortization schedule
You will need a rate of 3.031 % to make 150 Monthly savings withdrawals in the amount of $2,000.00.
This calculator computes a hypothetical rate based on the numbers entered. However, it does not indicate whether such a rate can actually be attained.
This calculator assumes that periodic withdrawals will start on the first day of the current month and that Daily compounding is used for the accrual of interest on your savings.
The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.
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