Turn an IRA balance into a monthly paycheck that lasts through retirement.
This calculator estimates the level monthly income an IRA balance can pay out over a set number of years, drawing the account down to zero at an assumed rate of return.
The tool annuitizes your balance, solving for the fixed monthly withdrawal that spends the account down to zero over the years you choose, while the remaining balance keeps earning the assumed return. A higher return supports a larger monthly payment, and a longer payout period lowers each payment. This is the same math behind a fixed-term loan, run in reverse.
Real returns vary year to year, so a fixed monthly amount can run out early if markets underperform, especially with losses in the first few years. The estimate also ignores inflation, taxes on traditional IRA withdrawals, and required minimum distributions that begin at age 73. Treat the figure as a planning starting point and revisit it as conditions change. Not financial advice.
Only if returns match the assumption, since weak early returns can drain the balance faster than planned.
No, withdrawals from a traditional IRA are generally taxable, so your after-tax income will be lower.
No, the monthly amount is level, so its buying power declines over time.
See the exact formula and a worked example on our methodology page.