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Plan mode

Just the essentials. Switch to Advanced when you want to model healthcare, pensions, or spending that changes over time.

ℹ

Advanced features are active in your plan. Your plan includes spending that changes with age, healthcare, extra income, or different returns before and after 65. Switch to Advanced mode to see and edit them.

What you'll have when you retire

$1.67M

At age 55

What you'll have left at age 95

⚠ Money runs out at age 81

Total tax you'll pay

$1.52M

28.0% of withdrawals

Total you'll spend

$5.43M

Over 40 years

Where your money goes over time

In today's money

01 — The basics

Your ages

How old are you today?

At what age do you want to retire?

Plan until age

How much do you have saved and invested today?

Brokerage + pension, in USD. Not cash, property, crypto, or debt.

02 — Saving phase

Until age 55

How much are you investing each year?

What you add to your investments each year

What do you expect your investments to return per year, after inflation?

For your saving years. Already excludes inflation.

02b. Portfolio from MyAccounts

Your actual holdings

We add up every brokerage account in your MyAccounts and price them live from Yahoo Finance. The blended real return replaces the return fields above.

Edit in MyAccounts →

03 — Retirement phase

How much do you plan to spend in retirement?

Per year, in today's money. Switch to Advanced mode if you want spending to change with age.

Yearly spending

Living expenses per year in retirement

How will you get money out of your investments?

How will you actually fund your spending in retirement? (Hover each option for detail.)

Sell investments as needed (standard)

Simple. Well-understood. No risk of the bank calling in a loan.

Sell investments as needed (standard)

Sell a bit of your investments each year to cover spending. You pay capital gains tax on what you sell. This is the classic approach: simple, widely used, tax is predictable.

The good
Simple. Well-understood. No risk of the bank calling in a loan.

The bad
Each sale is taxed. You permanently shrink the amount compounding for you.

Borrow against your portfolio (Lombard loan)

below scale · need $1.00M

No capital gains tax on withdrawals. Portfolio keeps fully compounding. Lower rates than broker margin loans. You can borrow a bigger percentage of your portfolio (around 75%).

Borrow against your portfolio (Lombard loan)

Borrow against your investments through a private bank, instead of selling. No sale means no capital gains tax. Your portfolio stays fully invested and keeps compounding. You pay loan interest (usually the short-term rate + 1 to 2%). Common for wealthier expats in Switzerland, Luxembourg, Monaco, and Dubai's DIFC.

The good
No capital gains tax on withdrawals. Portfolio keeps fully compounding. Lower rates than broker margin loans. You can borrow a bigger percentage of your portfolio (around 75%).

The bad
Requires a private banking relationship (often €500k+ minimum, ideally $1M+). Interest accrues. If the portfolio drops sharply, the bank can call in the loan (rare, but it happens).

Does this work for you? Makes sense with $1M+ saved (ideally $2M+) when you live in a country with high capital gains tax (Portugal 28%, UK 20%+, France 30%+, Germany 25%+). Private bank minimums are real: Julius Baer, LGT, Pictet start around $500k-$1M; UBS usually $2M+ for a meaningful relationship. Not worth the setup cost in low-tax countries (UAE, Singapore residents, UK ISA wealth).

Borrow against your brokerage account (margin loan)

Available to regular retail investors. No capital gains tax on withdrawals. Fast to access. No minimum at most brokers.

Borrow against your brokerage account (margin loan)

Borrow against your brokerage account using its built-in margin facility (Interactive Brokers, Schwab, etc.). Same tax benefit as Lombard: no sale, no capital gains tax. Higher interest rates than a private bank Lombard, but available to anyone with a taxable brokerage account. IBKR charges benchmark + about 1.5%.

The good
Available to regular retail investors. No capital gains tax on withdrawals. Fast to access. No minimum at most brokers.

The bad
Higher rates than Lombard (5 to 8% typical). Stricter limits, so the broker is more likely to force a sale if the portfolio drops. Forced liquidation usually happens at the worst possible time.

Live off dividends only

below scale · need $2.40M

You never touch the principal. Psychologically simple. Dividends tend to grow with inflation.

Live off dividends only

Live off the cash your portfolio pays out (dividends), and never sell the underlying investments. Requires a dividend-focused portfolio or a big enough balance that a 2 to 3% yield covers your needs. Dividends are usually taxed as income (which may be a different rate from capital gains). If dividends fall short, the shortfall comes from selling anyway.

The good
You never touch the principal. Psychologically simple. Dividends tend to grow with inflation.

The bad
Dividend-focused portfolios usually return less overall. Dividends aren't guaranteed (companies can cut them). Dividend income may be taxed higher than capital gains. You need at least 40× your yearly spending saved.

Does this work for you? Only works when dividends actually cover your spending. At a typical 2.5% yield, you need 40× your yearly spending saved: $2.4M for $60k/year spending; $1.6M for $40k/year. Below that, dividends won't cover you and you'd have to sell anyway, defeating the point. Best for conservative retirees who never want to touch principal, or FatFIRE households with natural dividend coverage.

04 — Big purchases

One-off purchases and mortgages

Add big-ticket items like a house, car, or holiday home. Cash purchases take the money out in one go. Mortgages include the down payment plus monthly payments over the loan term.

No purchases added yet. Click below to add one.

Note: Purchases are modeled as cash outflows from your portfolio. The property asset itself is not tracked in this tool — this reflects liquid investable net worth only. Mortgage payments are in nominal dollars (fixed contractually) and we deflate them to real dollars year-by-year using your inflation assumption (3%).

05 — Tax

Where will you live in retirement?

Country

We'll work out what you'd pay based on local tax rules

What will your retirement income look like?

Pick the option closest to how you'll fund your spending

IFICI regime (tech/research pros)

Apply the special tax regime

Your effective tax rate

28.0%

Applied to every year you withdraw money

Year by year

Today's dollars. Showing every year from age 45 to 95.

Inflation for nominal view%

Age	Year	Phase	Start bal	Contrib	Spend	Purchases	Tax	Return	End bal
45	2026	ACCUM	$500,000	$50,000	-	-	-	+$35,000	$585,000
46	2027	ACCUM	$585,000	$50,000	-	-	-	+$40,950	$675,950
47	2028	ACCUM	$675,950	$50,000	-	-	-	+$47,317	$773,267
48	2029	ACCUM	$773,267	$50,000	-	-	-	+$54,129	$877,395
49	2030	ACCUM	$877,395	$50,000	-	-	-	+$61,418	$988,813
50	2031	ACCUM	$988,813	$50,000	-	-	-	+$69,217	$1,108,030
51	2032	ACCUM	$1,108,030	$50,000	-	-	-	+$77,562	$1,235,592
52	2033	ACCUM	$1,235,592	$50,000	-	-	-	+$86,491	$1,372,083
53	2034	ACCUM	$1,372,083	$50,000	-	-	-	+$96,046	$1,518,129
54	2035	ACCUM	$1,518,129	$50,000	-	-	-	+$106,269	$1,674,398
55	2036	DRAW	$1,674,398	-	-$60,000	-	-$23,333	+$92,092	$1,683,157
56	2037	DRAW	$1,683,157	-	-$60,000	-	-$23,333	+$92,574	$1,692,397
57	2038	DRAW	$1,692,397	-	-$60,000	-	-$23,333	+$93,082	$1,702,145
58	2039	DRAW	$1,702,145	-	-$60,000	-	-$23,333	+$93,618	$1,712,430
59	2040	DRAW	$1,712,430	-	-$60,000	-	-$23,333	+$94,184	$1,723,280
60	2041	DRAW	$1,723,280	-	-$60,000	-	-$23,333	+$94,780	$1,734,727
61	2042	DRAW	$1,734,727	-	-$60,000	-	-$23,333	+$95,410	$1,746,804
62	2043	DRAW	$1,746,804	-	-$60,000	-	-$23,333	+$96,074	$1,759,545
63	2044	DRAW	$1,759,545	-	-$60,000	-	-$23,333	+$96,775	$1,772,987
64	2045	DRAW	$1,772,987	-	-$60,000	-	-$23,333	+$97,514	$1,787,168
65	2046	DRAW	$1,787,168	-	-$80,000	-	-$38,111	+$62,551	$1,713,607
66	2047	DRAW	$1,713,607	-	-$80,000	-	-$38,391	+$59,976	$1,636,473
67	2048	DRAW	$1,636,473	-	-$80,000	-	-$38,682	+$57,277	$1,555,598
68	2049	DRAW	$1,555,598	-	-$80,000	-	-$38,985	+$54,446	$1,470,811
69	2050	DRAW	$1,470,811	-	-$80,000	-	-$39,300	+$51,478	$1,381,932
70	2051	DRAW	$1,381,932	-	-$80,000	-	-$39,628	+$48,368	$1,288,772
71	2052	DRAW	$1,288,772	-	-$80,000	-	-$39,968	+$45,107	$1,191,135
72	2053	DRAW	$1,191,135	-	-$80,000	-	-$40,323	+$41,690	$1,088,815
73	2054	DRAW	$1,088,815	-	-$80,000	-	-$40,691	+$38,109	$981,599
74	2055	DRAW	$981,599	-	-$80,000	-	-$41,074	+$34,356	$869,261
75	2056	DRAW	$869,261	-	-$80,000	-	-$41,473	+$30,424	$751,568
76	2057	DRAW	$751,568	-	-$80,000	-	-$41,887	+$26,305	$628,275
77	2058	DRAW	$628,275	-	-$80,000	-	-$42,318	+$21,990	$499,128
78	2059	DRAW	$499,128	-	-$80,000	-	-$42,767	+$17,469	$363,859
79	2060	DRAW	$363,859	-	-$80,000	-	-$43,233	+$12,735	$222,191
80	2061	DRAW	$222,191	-	-$65,000	-	-$37,884	+$7,777	$94,667
81	2062	DRAW	$94,667	-	-$65,000	-	-$38,389	+$3,313	$0
82	2063	DRAW	$0	-	-$65,000	-	-$38,913	+$0	$0
83	2064	DRAW	$0	-	-$65,000	-	-$39,458	+$0	$0
84	2065	DRAW	$0	-	-$65,000	-	-$40,026	+$0	$0
85	2066	DRAW	$0	-	-$65,000	-	-$40,616	+$0	$0
86	2067	DRAW	$0	-	-$65,000	-	-$41,229	+$0	$0
87	2068	DRAW	$0	-	-$65,000	-	-$41,867	+$0	$0
88	2069	DRAW	$0	-	-$65,000	-	-$42,531	+$0	$0
89	2070	DRAW	$0	-	-$65,000	-	-$43,221	+$0	$0
90	2071	DRAW	$0	-	-$65,000	-	-$43,939	+$0	$0
91	2072	DRAW	$0	-	-$65,000	-	-$44,685	+$0	$0
92	2073	DRAW	$0	-	-$65,000	-	-$45,461	+$0	$0
93	2074	DRAW	$0	-	-$65,000	-	-$46,269	+$0	$0
94	2075	DRAW	$0	-	-$65,000	-	-$47,108	+$0	$0
95	2076	DRAW	$0	-	-$65,000	-	-$47,982	+$0	$0

Heads upThis calculator is a planning aid, not financial advice. Tax rules, visa requirements, market returns, and personal circumstances change — what you see here is a directional estimate based on your inputs. Before acting on any number, check with a qualified tax advisor, financial planner, or immigration lawyer who knows your actual situation.