---
title: "Withdrawal Plan Calculator"
description: "Calculate how long your depot lasts: monthly withdrawal, return, Abgeltungsteuer and Vorabpauschale accounted for."
canonical: "https://investboard.de/en/rechner/entnahmeplan"
language: "en"
modified: "2026-07-09"
author: "Investboard"
---

# Withdrawal Plan Calculator

How long will your assets last?

## Three withdrawal strategies compared

There is no single correct withdrawal strategy, only a trade-off between stable income, preserved purchasing power and the probability that the portfolio outlives your horizon. The calculator models three classic variants:

| Strategy | Withdrawal amount | Character |
| --- | --- | --- |
| Constant nominal | Fixed euro amount per month | Predictable, but loses purchasing power in real terms |
| Inflation-adjusted | Fixed amount, raised by inflation each year | The logic behind the 4% rule: income constant in real terms |
| Percentage | Fixed share of the current portfolio value | Never fully depletes the portfolio, but fluctuates with the market |

## Taxes during the withdrawal phase

In Germany two taxes act simultaneously during decumulation, and this is where the calculator differs from simple withdrawal tools:

**1. Abgeltungsteuer on realised gains.** Every withdrawal sells units and realises the gain inside them. The calculator grosses the withdrawal up so that your desired amount remains after tax. It follows the statutory order: crediting of Vorabpauschale amounts already taxed (Section 19 InvStG), then the 30% partial exemption for equity funds, then the year's remaining saver's allowance, and 26.375% on the rest.

**2. Vorabpauschale on the remaining portfolio.** During withdrawal the portfolio stays invested in accumulating funds and triggers the annual Vorabpauschale (base rate 2026: 3.20%). The calculator deducts it year by year and credits it on later sales, so nothing is taxed twice.

The calculator assumes 70% of each withdrawal is capital gain, a deliberately cautious assumption. The lower your actual gain share, the lower the tax and the longer the capital lasts.

## How to read the result

The central figure is the reach: how many years does the portfolio carry the chosen withdrawal, or does it carry it indefinitely? The calculator also shows the effective withdrawal rate in year one, the sum of net withdrawals, the total tax burden and the remaining capital after 15 and 25 years.

The model assumes a constant return. Real markets fluctuate, and a poor sequence of returns early in the withdrawal phase can shorten the reach considerably (sequence-of-returns risk). Plan with a buffer; our guide to withdrawal strategies goes deeper into the trade-offs.