Calculate, in three easy steps, **how long your retirement savings will last** considering how much you spend each month.

## Description

This **retirement pension** duration calculator allows you to quickly find out when you are going to **run out of money** you have saved for your pension, taking into account what you spend on your savings each month. The calculations take into account that savings have a **return** and produce interest that is accumulated to capital.

The results show the **maximum monthly expenditure** that corresponds to different periods of duration of our savings ranging from 1 year to 30 years.

## Example

Suppose we are retired and our current savings are $ 100,000. Each month we withdraw $ 900 for expenses and for the balance we have of our savings we receive an annual interest of 2%. How long will our savings last before they run out?

To make the calculations we introduce the following data: Current savings: $ 100,000; Pension: $ 900; Interest: 2%. The result will be 10 years, 2 months and 25 days. In addition other options are shown; For example, we can extend the duration of savings to 15 years by reducing the monthly expenditure to $ 642.68.

## Instructions

- Indicate how much money you have saved as of today.
- Enter the amount of your monthly expenses during the retirement period. How much you withdraw from your savings, fund or pension plan to meet your expenses each month.
- Enter the rate of return of your savings.
- Automatically, the calculator shows the estimated duration of your savings, as well as other alternatives so that the savings last more or less.