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It will almost certainly last until you're 84, probably until you're 89.

Invested in a balanced fund, it will probably give you $130,000 over the next 24 years.

Using the 6% approach, each year you take the starting amount in your fund and spend 6%.
Note that because of prices increasing over time, your buying power will decrease. But, this option is good if you want to spend more when you’re most active early on in retirement.

LOADING

Calculate 6% of the starting value of your fund in the first year and set up regular withdrawals in line with that amount for the years to come.
Contact your fund provider directly to set up your regular withdrawals on the day and frequency you prefer.
Some people prefer their withdrawals arrive on the same day as their NZ Super, or on alternating fortnights.

When investment markets change, it will affect how long you can withdraw 6%. If they do better, you can withdraw for longer.

Inflation causes prices to increase over time. Because you’re withdrawing steady amounts over many years, inflation will see your money’s buying power decrease.

The type of fund you’re in – conservative, balanced or growth – will determine your fund’s ups and downs in value and directly affect how long your money will last.

This tool initially shows the results from drawing down from a balanced fund. You can also select a conservative or growth investment mix, which will give you different results, depending on how much risk you’re ready to take on.
The 6% rule allows you to withdraw the same dollar amount over many years. If you recalculate in future years using this tool, your level of income will be different.
Any unexpected withdrawals will affect your long-term plan and how long or how much you can take out in the future. You can always recalculate and adjust.
Remember that the rules and figures shown here are not advice tailored to your situation or a guarantee that markets will perform a certain way.

In the first year, calculate 4% of the starting amount of your invested savings and set up regular withdrawals. Then increase your withdrawal amount each year to cover inflation (2%).
Contact your fund provider directly to set up your regular withdrawals on the day and frequency you prefer.
Some people prefer to have their withdrawals arrive on the same day as their NZ Super, or on alternating fortnights.

When investment markets change, it will affect how long you can withdraw 4%.
Inflation causes prices to increase over time. Because you’re withdrawing regular amounts over many years and adjusting for inflation, you should be able to keep pace with rising prices in years to come.
The type of fund you’re in – conservative, balanced or growth – will determine your fund’s ups and downs in value, and directly affect how long your money will last.

This tool initially shows the results from drawing down from a balanced fund. You can also select a conservative or growth investment mix, which will give you different results, depending on how much risk you’re ready to take on.
The 4% rule allows you to withdraw a steady dollar amount over many years, adjusted for inflation. If you recalculate in future years using this tool, your level of income will be different.
Any unexpected withdrawals will affect your long-term plan and how long or how much you can take out in the future. You can always recalculate and adjust.
Remember that the rules and figures shown here are not advice tailored to your situation or a guarantee that markets will perform a certain way.

Each year, divide your invested savings by the number of years you want it to last (xx). Then set up regular withdrawals for the coming year.
Contact your fund provider directly to set up your regular withdrawals on the day and frequency you prefer.
Some people prefer to have their withdrawals arrive on the same day as their NZ Super, or on alternating fortnights.

When investment markets change, it will affect how much you can withdraw in a given year.
If you recalculate and change the length of time you want your money to last, it will influence the income you can withdraw.
The type of fund you’re in – conservative, balanced or growth – will determine your fund’s ups and downs in value and directly affect how much you can withdraw in any given year.

This tool initially shows the results from drawing down from a balanced fund. You can also select a conservative or growth investment mix, which will give you different results, depending on how much risk you’re ready to take on.
The fixed date rule allows you to withdraw over many years. If you recalculate in future years using this tool, your level of income will be different.
Any unexpected withdrawals will affect your long-term plan and how long or how much you can take out in the future. You can always recalculate and adjust.
Remember that the rules and figures shown here are not advice tailored to your situation or a guarantee that markets will perform a certain way.

Divide your invested savings by your estimated retirement span (27 years) and set up regular withdrawals.
Your retirement span estimate changes as you age, so you’ll need to recalculate every year or two.
Contact your fund provider directly to set up your regular withdrawals on the day and frequency you prefer.
Some people prefer to have their withdrawals arrive on the same day as their NZ Super, or on alternating fortnights.

When investment markets change, it will affect how much you can withdraw in a given year.
The dynamic calculations ensure you optimise your income throughout retirement and don’t outlive your savings.
The type of fund you’re in – conservative, balanced or growth – will determine your fund’s ups and downs in value and directly affect how much you can withdraw in any given year.

This tool initially shows the results from drawing down from a balanced fund. You can also select a conservative or growth investment mix, which will give you different results, depending on how much risk you’re ready to take on.
The life expectancy rule allows you to withdraw over many years. When you recalculate in future years using this tool, your level of income will be different.
Any unexpected withdrawals will affect your long-term plan and how long or how much you can take out in the future. You can always recalculate and adjust.
Remember that the rules and figures shown here are not advice tailored to your situation or a guarantee that markets will perform a certain way.

Your next steps

Each drawdown rule of thumb comes with its pros, cons and considerations. See our helpful guide to understand more about how yours works and what it'll mean for you.

It's easy and free to save your drawdown results to your Sorted dashboard, so you can come back to them. Having these calculations handy can also help you have a richer conversation with a financial adviser. Here's our guide to getting the best financial advice.

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