Systematic Withdrawal Calculator

Estimate how your corpus holds up with regular withdrawals. Figures are illustrative only.

Total Investment Corpus

₦

500,000200,000,000

Monthly Withdrawal

₦

5,0005,000,000

Expected Annual Return

125

Withdrawal Period

years

130

Withdrawal Summary

Total Withdrawn

₦9,000,000

Remaining Balance

₦1,546,080

Initial Corpus₦5,000,000

Disclaimer

This calculator is for educational and illustrative purposes only. It does not constitute financial, investment, or tax advice. Results are estimates based on the inputs you provide and may not reflect actual returns. Consult a qualified financial advisor before making any investment decisions.

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How Is This Calculated?

Balance₍ₘ₎ = Balance₍ₘ₋₁₎ × (1 + r) − W

Where:

Balance₍ₘ₎Balance at end of month m

rMonthly return rate (annual rate ÷ 12)

WMonthly withdrawal amount

Frequently Asked Questions

A systematic withdrawal plan (SWP) allows you to withdraw a fixed amount from your investment corpus at regular intervals while the remaining balance continues to earn returns. It is commonly used by retirees to generate regular income from their savings.

Under the Contributory Pension Scheme (CPS), retirees can opt for programmed withdrawal from their Retirement Savings Account (RSA). The PFA calculates periodic payments based on life expectancy and RSA balance. This calculator provides a simplified illustrative model.

If your withdrawal rate exceeds the growth rate of your remaining corpus, the balance will eventually be depleted. The calculator shows the estimated remaining balance after the withdrawal period. A negative remaining balance indicates the corpus would be exhausted before the end of the period.

During the withdrawal phase, investors typically allocate to lower-risk assets. Nigerian money market or bond funds may yield between 8% and 14% per annum. Use a conservative estimate to avoid overestimating your corpus longevity.

In practice, yes — most withdrawal plans allow adjustments. This calculator models a fixed withdrawal for simplicity. You can re-run the calculation with different amounts to explore scenarios.