Withdrawal calculator

What could your portfolio pay at different withdrawal rates?

A withdrawal rate turns a portfolio into a first-year income, not a guarantee that the same spending survives every market. Compare the cash amount first, then test the full retirement path.As of 6 September 2026 · Reader-selected planning assumptions

Your first-year scenario

Tax is estimated on the first year's sale, oldest shares first.

Portfolio value€ Purchase cost of the portfolio€ Selected withdrawal rate% Estimated tax on realised gains Tax-free allowance each year€The Sparerpauschbetrag: 1,000 per person, 2,000 for a jointly assessed couple. Monthly pension, net€ Saved up over how many yearsyearsGerman tax sells the oldest shares first (FIFO), and in a depot saved up month by month those carry the most gain. Enter 0 for a depot bought at once. Desired total monthly income€

For the survival column

Withdrawal years Long-run annual return% Inflation%

Required fields are marked. Review the optional settings, then calculate.

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What this answers

How much spendable income does each rate produce now?

The table keeps the portfolio and tax basis identical, so the cash difference comes only from the withdrawal rate.

What the last column adds

How often each rate lasts

The first year's withdrawal, kept level in real terms, run through 4,000 modelled markets around your long-run return with yearly swings of 15 percent. A range, not a forecast: the sequence-risk page shows why the order of the returns matters as much as their average.

Use the result

Compare the income with essential and flexible spending

Then open the full retirement run with the same pension and desired income to see when the portfolio is under pressure.