Free income calculator
How much do you need to accumulate to withdraw the amount you want every month?
Choose how the capital should be used, enter your age, desired income and what you already have. You will immediately see the amount required, any shortfall or surplus, and a clear path for your capital at every age.
1
Choose a plan and the relevant ages
Decide whether the capital may be spent down, whether a reserve must remain, or whether the model should preserve it indefinitely. Then enter when you want the income to start and when your pension will begin.
2
Enter the three key amounts
Enter your desired monthly income, the capital you have already accumulated and your monthly contribution. Contributions stop automatically when the income begins.
3
See the result alongside the inputs
You will immediately see the capital required, any shortfall, when the money would run out and what you could change. You can also refine the pension, return and inflation assumptions.
Your result
How much capital do you need?
Capital path by age
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Compare the options
Three plans using the same figures
Position when income starts
Each card will show the euro amount and percentage to withdraw under that plan.
Capital may run out
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- Initial portfolio withdrawal
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- Share of the capital required for this plan
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- Capital required when income starts
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- Affordable income under your current saving plan
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Leave a reserve
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- Initial portfolio withdrawal
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- Share of the capital required for this plan
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- Capital required when income starts
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- Affordable income under your current saving plan
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Capital never runs out
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- Initial portfolio withdrawal
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- Share of the capital required for this plan
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- Capital required when income starts
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- Affordable income under your current saving plan
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Why do return, inflation and withdrawal rate differ?Show the formula and a more cautious market benchmark
Initial rate = the first-period withdrawal ÷ capital required for that plan. It is not a universal safe rate.
How is it calculated?All contribution, pension and capital formulas
Model rules: all amounts are shown in today’s purchasing power. Contributions are added at the end of each month only until the selected income start date, then stop automatically. Withdrawals are made at the beginning of the selected period, while the remaining capital stays invested. The pension is indexed annually only until the entered pension age; after that, its purchasing power is held constant. The historical 9.32% pension-indexation option is a geometric average calculated from the official 2020–2026 coefficients, not a forecast. “Capital never runs out” means capital whose real value returns to at least its income-start level after every complete withdrawal period in the constant-return scenario. When the portfolio need is unchanged throughout the first 12 months and real return is positive, the initial rate equals the capital-preserving rate for the selected withdrawal frequency. If pension later lowers the portfolio need, withdrawing only the amount needed for the entered income target would grow real capital; the amount covered by pension can instead be withdrawn as additional income to keep real capital stable. The 30-, 35- and 40-year resilience benchmarks draw on Morningstar’s 2025 research; longer-horizon figures are a conservative calculator extrapolation, not a research guarantee. Taxes, portfolio mix and sequence-of-returns risk are not included. Sources: Sodra, ECB, IMF 2023, Morningstar 2025, Vanguard 2026.
