A. How long will your lifetime savings last depends on a few factors:
- How much money you plan to withdraw each year?
- How much will be your income tax rate at retirement time? Remember, 401K withdrawals will be subject to income tax now.
- How large is your balance to start with?
- How much annual growth rate the remaining balance will be?
You can use the following tool to do a quick estimate about how long your retirement fund or 401K money will deplete.