Use this calculator to compute how much you will be able to regularly withdraw from your savings account before you run out.
Rate of return
Number of withdrawals
Show amortization schedule
You would be able to make 19 Monthly withdrawals in the amount of $5,120.01 and one final withdrawal of $5,120.00.
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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