Drawdown Depletion Timeline
Calculator
Results
- Years funded
- 38 yr
- Ending balance
- $0.00
- Total withdrawn
- $1,495,658.43
- First-year withdrawal rate
- 5%
Portfolio balance path
- Ending balance
- Cumulative withdrawn
Year-by-year portfolio projection
| 1 | 40,000.00 | 30,400.00 | 790,400.00 | 40,000.00 |
| 2 | 40,000.00 | 30,016.00 | 780,416.00 | 80,000.00 |
| 3 | 40,000.00 | 29,616.64 | 770,032.64 | 120,000.00 |
| 4 | 40,000.00 | 29,201.31 | 759,233.95 | 160,000.00 |
| 5 | 40,000.00 | 28,769.36 | 748,003.30 | 200,000.00 |
| 6 | 40,000.00 | 28,320.13 | 736,323.44 | 240,000.00 |
| 7 | 40,000.00 | 27,852.94 | 724,176.37 | 280,000.00 |
| 8 | 40,000.00 | 27,367.05 | 711,543.43 | 320,000.00 |
| 9 | 40,000.00 | 26,861.74 | 698,405.17 | 360,000.00 |
| 10 | 40,000.00 | 26,336.21 | 684,741.37 | 400,000.00 |
| 11 | 40,000.00 | 25,789.65 | 670,531.03 | 440,000.00 |
| 12 | 40,000.00 | 25,221.24 | 655,752.27 | 480,000.00 |
| 13 | 40,000.00 | 24,630.09 | 640,382.36 | 520,000.00 |
| 14 | 40,000.00 | 24,015.29 | 624,397.65 | 560,000.00 |
| 15 | 40,000.00 | 23,375.91 | 607,773.56 | 600,000.00 |
| 16 | 40,000.00 | 22,710.94 | 590,484.50 | 640,000.00 |
| 17 | 40,000.00 | 22,019.38 | 572,503.88 | 680,000.00 |
| 18 | 40,000.00 | 21,300.16 | 553,804.04 | 720,000.00 |
| 19 | 40,000.00 | 20,552.16 | 534,356.20 | 760,000.00 |
| 20 | 40,000.00 | 19,774.25 | 514,130.45 | 800,000.00 |
| 21 | 40,000.00 | 18,965.22 | 493,095.66 | 840,000.00 |
| 22 | 40,000.00 | 18,123.83 | 471,219.49 | 880,000.00 |
| 23 | 40,000.00 | 17,248.78 | 448,468.27 | 920,000.00 |
| 24 | 40,000.00 | 16,338.73 | 424,807.00 | 960,000.00 |
| 25 | 40,000.00 | 15,392.28 | 400,199.28 | 1,000,000.00 |
| 26 | 40,000.00 | 14,407.97 | 374,607.25 | 1,040,000.00 |
| 27 | 40,000.00 | 13,384.29 | 347,991.54 | 1,080,000.00 |
| 28 | 40,000.00 | 12,319.66 | 320,311.20 | 1,120,000.00 |
| 29 | 40,000.00 | 11,212.45 | 291,523.65 | 1,160,000.00 |
| 30 | 40,000.00 | 10,060.95 | 261,584.60 | 1,200,000.00 |
| 31 | 40,000.00 | 8,863.38 | 230,447.98 | 1,240,000.00 |
| 32 | 40,000.00 | 7,617.92 | 198,065.90 | 1,280,000.00 |
| 33 | 40,000.00 | 6,322.64 | 164,388.54 | 1,320,000.00 |
| 34 | 40,000.00 | 4,975.54 | 129,364.08 | 1,360,000.00 |
| 35 | 40,000.00 | 3,574.56 | 92,938.64 | 1,400,000.00 |
| 36 | 40,000.00 | 2,117.55 | 55,056.19 | 1,440,000.00 |
| 37 | 40,000.00 | 602.25 | 15,658.43 | 1,480,000.00 |
| 38 | 15,658.43 | 0.00 | 0.00 | 1,495,658.43 |
| 39 | 0.00 | 0.00 | 0.00 | 1,495,658.43 |
Comparison
| Scenario | Years funded | Ending balance | Total withdrawn |
|---|---|---|---|
| Baseline scenario | 20.00 | 0.00 | 800,000.00 |
| Selected scenario | 38.00 | 0.00 | 1,495,658.43 |
Formula
Bₜ = (Bₜ₋₁ − W) × (1 + r)= 38.00
Note
This is not financial advice. It is a simplified model: it applies the displayed formula to the figures you entered, uses a single constant rate for every year unless you supplied more, and ignores taxes, fees, product charges and any country's specific pension, benefit or minimum-distribution rules. Sequence-of-returns risk and longevity risk are real: a run of poor early years can exhaust a portfolio that the average return alone calls safe, and living longer than projected is the risk this page cannot price. Real returns can be negative. Consult a licensed adviser before acting on any figure here.
More in Retirement drawdown
See all →Frequently asked questions
What does this calculator actually tell me?+
It projects how long your portfolio will last given a starting balance, a withdrawal amount, an expected return, and inflation, and shows the age or year at which the balance hits zero. It's a depletion estimate, not a guarantee, since real markets don't return the same amount every year.
Why does a small change in return assumption change the timeline so much?+
Because withdrawals compound against a shrinking base: a lower return means the balance grows slower while withdrawals stay roughly the same size, so the gap closes faster. Near the end of the timeline, a percentage point of return can shift the depletion age by several years.
What's the difference between depletion and running out of income?+
Depletion means the portfolio itself reaches zero; it doesn't mean income stops immediately if you have other sources like a pension or Social Security. Treat the depletion age as a warning point to revisit your withdrawal rate, not necessarily the day you go to zero income.
Does the calculator account for years with negative returns?+
No, it typically uses a single constant average return, which smooths over the sequence of good and bad years. Two portfolios with the same average return can deplete at very different times depending on when the losses hit — this is sequence-of-returns risk, and it's not captured here.
My timeline shows the money lasting past life expectancy — can I withdraw more?+
You could, but leaving a margin protects against below-average returns, unexpected expenses, or living longer than average. A common approach is to re-run the projection periodically with updated balances rather than locking in a higher withdrawal today.