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Plan mode

Simple inputs. Switch to Advanced for age-banded spending, healthcare, etc.

ℹ

Advanced features are active in your plan. The projection includes age-banded spending, healthcare inflation, adjustments, or glide path returns. Switch to Advanced mode to see and edit them.

Net worth at retirement

$1.67M

Age 55

Net worth at age 95

⚠ Depleted at 81

Total tax paid

$1.52M

28.0% effective

Total spent

$5.43M

Over 40 years

Portfolio trajectory

Today's dollars (real)

01 — Basic

Ages and horizon

Current age

Retirement age

Plan until age

Starting portfolio (invested net worth)

Brokerage + pension, in USD. Excludes cash, property, crypto, and debt.

02 — Accumulation phase

Until age 55

Annual contribution

How much you're investing each year

Expected real return

Pre-retirement. Ignores inflation.

02b. Portfolio from MyAccounts

Your actual holdings

Aggregated across every brokerage account in your MyAccounts. Live prices from Yahoo Finance. The weighted real return replaces the Accumulation and pre-65 return fields above.

Edit in MyAccounts →

03 — Drawdown phase

Spending in retirement

How much you'll spend per year (today's dollars). Switch to Advanced for age-banded spending.

Annual spend

Living expenses per year in retirement

Drawdown strategy

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

Sell Assets (standard)

Simple. Well-understood. No credit risk.

Sell Assets (standard)

Liquidate investments each year to fund spending. Capital gains tax applies on withdrawals. This is the classic FIRE approach — simple, widely used, tax-predictable.

Pros
Simple. Well-understood. No credit risk.

Cons
Each sale is a taxable event. Reduces the compounding base permanently.

Lombard Loan (borrow against portfolio)

below scale · need $1.00M

No CGT on draws. Portfolio fully compounds. Lower rates than margin loans. Higher LTV (~75%) than margin.

Lombard Loan (borrow against portfolio)

Borrow against your investment portfolio through a private bank. No assets sold, so no capital gains tax is triggered. Portfolio stays fully invested and keeps compounding. You pay loan interest (typically SARON/ESTR + 1-2% spread). Common for high-net-worth expats in Switzerland, Luxembourg, Monaco, and DIFC.

Pros
No CGT on draws. Portfolio fully compounds. Lower rates than margin loans. Higher LTV (~75%) than margin.

Cons
Requires private banking relationship (often €500k+ minimum, ideally $1M+). Loan accrues interest. Margin call risk if portfolio drops sharply (though rare — LTV limits are conservative).

Viability: Makes sense at $1M+ portfolio (ideally $2M+) when you're in a high-CGT jurisdiction (Portugal 28%, UK 20%+, France 30%+, Germany 25%+). Private bank minimums are real: Julius Baer, LGT, Pictet start around $500k-$1M; UBS/CS typically $2M+ for meaningful relationships. DIFC banks sometimes lower for MENA clients. Not worth the setup cost if you're in a low/no-CGT jurisdiction (UAE, Singapore residents, UK ISA-only wealth).

Margin Loan (broker margin)

Accessible to retail investors. No CGT on draws. Fast to access. No minimums at most brokers.

Margin Loan (broker margin)

Borrow against your brokerage account using its margin facility (Interactive Brokers, Schwab, etc.). Same tax benefit as Lombard — no sale, no CGT. Higher interest rates than Lombard but accessible to anyone with a taxable brokerage account. IBKR charges benchmark + ~1.5% tiered.

Pros
Accessible to retail investors. No CGT on draws. Fast to access. No minimums at most brokers.

Cons
Higher rates than Lombard (5-8% typical). Tighter LTV limits — margin calls more likely in a crash. Forced liquidation at worst possible time if breached.

Dividends Only

below scale · need $2.40M

Principal preserved. Simple psychologically. Natural inflation hedge if dividends grow.

Dividends Only

Live off portfolio distributions only — never sell principal. Requires a dividend-focused portfolio (or a large enough balance that 2-3% yield covers needs). Dividends are taxed as income (may differ from capital gains rate). If dividends fall short, the shortfall is taken from asset sales as a fallback.

Pros
Principal preserved. Simple psychologically. Natural inflation hedge if dividends grow.

Cons
Lower total return than growth portfolios. Yield not guaranteed (dividends can be cut). Dividend tax may be worse than CG tax. Need 40× expenses minimum.

Viability: Only works when dividends actually cover your expenses. At a typical 2.5% real yield, you need 40× annual expenses in portfolio — so for $60k annual spend you need $2.4M; for $40k you need $1.6M. Below that threshold, dividends won't cover you and you'd have to sell anyway, defeating the point. Best for conservative retirees who want to never touch principal, or FatFIRE households with natural dividend coverage. Works well paired with a dividend-focused portfolio in any regime, but dividend income may be taxed higher than capital gains in some countries (e.g., US qualified dividends can be lower than ordinary, but many countries treat them the same as income).

04 — Major purchases

One-off purchases & mortgages

Add big purchases like a house, car, or vacation property. Cash purchases are one-time expenses. Mortgages include down payment + 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 drag

Where do you live in retirement?

Country

We'll compute your effective tax rate based on the local regime

Income profile

What will your drawdown income look like?

IFICI regime (tech/research pros)

Apply special regime

Computed effective tax rate

28.0%

Applied to every drawdown year

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