Use this calculator to compute how much you would need to have invested in order to withdraw a specified amount each month over the course of a specified period of time. You also have the option of factoring in the effects of inflation.

Enter your current age (#):

Enter the age you plan to retire at (#):

Enter the amount you would like to withdraw each month ($):

Enter the Annual Interest Rate you expect to earn (%):

Enter the number of years you would like to make the monthly withdrawals (#):

Enter the expected average annual rate of inflation (%):

Enter the amount of your current retirement savings ($):

This is how much you need to have saved not accounting for inflation:

This is how much you need to save each month (not accounting for inflation):

This is how much you need to have saved accounting for inflation:

This is how much you need to save each month (accounting for inflation):