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Mean Portfolio Return = 8.00% lognormal 7.

08%
Portfolio Standard Deviation = 12.00% lognormal 11.08%
Number of Years = 25
Inflation = 3.0%
Withdrawal Rates from 3.50% increment 0.25%
Monte Carlo Iterations = 10000

Withdrawal Rates = 3.50% 3.75% 4.00% 4.25% 4.50% 4.75%


Survival Rates = 97.1% 95.2% 93.5% 91.1% 88.0% 82.3%
100.0%
90.0%
80.0%
70.0%
60.0%
50.0%
40.0%
30.0%
20.0%
10.0%
0.0%
3.75%

4.00%

4.50%

4.75%

5.00%

5.50%

5.75%

6.00%
3.50%

4.25%

5.25%

Fill in the data inside a red box then click on Calculate Survival Ra
Table-Lookup Values: Mean = 0, SD = 1

0.0000 -4.173
1.0
0.0010 -3.086

0.0020 -2.876 0.9


0.0030 -2.746 0.8
0.0040 -2.651
0.7
0.0050 -2.575
0.6
0.0060 -2.511

5.00% 5.25% 5.50% 5.75% 6.00% 0.0070 -2.456 0.5

78.1% 72.4% 67.7% 62.0% 57.5% 0.0080 -2.408 0.4


0.0090 -2.365
0.3
Note: 0.0100 -2.326
0.2
A lognormal distribution of returns 0.0110 -2.290
0.1
is assumed … and that distribution 0.0120 -2.257
0.0
uses the "standard" normal distribution 0.0130 -2.226

w
o

3
given in columns P & Q. 0.0140 -2.197

0.0150 -2.170

0.0160 -2.144

0.0170 -2.120

0.0180 -2.097

0.0190 -2.075

0.0200 -2.053

0.0210 -2.033

0.0220 -2.014

0.0230 -1.995

0.0240 -1.977

0.0250 -1.960

0.0260 -1.943

0.0270 -1.927

k on Calculate Survival Rates 0.0280 -1.911

0.0290 -1.895

0.0300 -1.881

0.0310 -1.866

0.0320 -1.852

0.0330 -1.838

0.0340 -1.825

0.0350 -1.812

0.0360 -1.799

0.0370 -1.786

0.0380 -1.774

0.0390 -1.762

0.0400 -1.751

0.0410 -1.739

0.0420 -1.728

0.0430 -1.717

0.0440 -1.706

0.0450 -1.695

0.0460 -1.685

0.0470 -1.675

0.0480 -1.664

0.0490 -1.654

0.0500 -1.645

0.0510 -1.635

0.0520 -1.626

0.0530 -1.616

0.0540 -1.607
0.0550 -1.598

0.0560 -1.589

0.0570 -1.580

0.0580 -1.572

0.0590 -1.563

0.0600 -1.555

0.0610 -1.546

0.0620 -1.538

0.0630 -1.530

0.0640 -1.522

0.0650 -1.514

0.0660 -1.506

0.0670 -1.498

0.0680 -1.491

0.0690 -1.483

0.0700 -1.476

0.0710 -1.468

0.0720 -1.461

0.0730 -1.454

0.0740 -1.447

0.0750 -1.439

0.0760 -1.432

0.0770 -1.425

0.0780 -1.419

0.0790 -1.412

0.0800 -1.405

0.0810 -1.398

0.0820 -1.392

0.0830 -1.385

0.0840 -1.379

0.0850 -1.372

0.0860 -1.366

0.0870 -1.359

0.0880 -1.353

0.0890 -1.347

0.0900 -1.341

0.0910 -1.335

0.0920 -1.328

0.0930 -1.322

0.0940 -1.316

0.0950 -1.310

0.0960 -1.305

0.0970 -1.299

0.0980 -1.293

0.0990 -1.287

0.1000 -1.281

0.1010 -1.276

0.1020 -1.270

0.1030 -1.265

0.1040 -1.259

0.1050 -1.253

0.1060 -1.248

0.1070 -1.243

0.1080 -1.237

0.1090 -1.232

0.1100 -1.226
0.1110 -1.221

0.1120 -1.216

0.1130 -1.211

0.1140 -1.205

0.1150 -1.200

0.1160 -1.195

0.1170 -1.190

0.1180 -1.185

0.1190 -1.180

0.1200 -1.175

0.1210 -1.170

0.1220 -1.165

0.1230 -1.160

0.1240 -1.155

0.1250 -1.150

0.1260 -1.145

0.1270 -1.141

0.1280 -1.136

0.1290 -1.131

0.1300 -1.126

0.1310 -1.122

0.1320 -1.117

0.1330 -1.112

0.1340 -1.108

0.1350 -1.103

0.1360 -1.098

0.1370 -1.094

0.1380 -1.089

0.1390 -1.085

0.1400 -1.080

0.1410 -1.076

0.1420 -1.071

0.1430 -1.067

0.1440 -1.062

0.1450 -1.058

0.1460 -1.054

0.1470 -1.049

0.1480 -1.045

0.1490 -1.041

0.1500 -1.036

0.1510 -1.032

0.1520 -1.028

0.1530 -1.024

0.1540 -1.019

0.1550 -1.015

0.1560 -1.011

0.1570 -1.007

0.1580 -1.003

0.1590 -0.999

0.1600 -0.994

0.1610 -0.990

0.1620 -0.986

0.1630 -0.982

0.1640 -0.978

0.1650 -0.974

0.1660 -0.970
0.1670 -0.966

0.1680 -0.962

0.1690 -0.958

0.1700 -0.954

0.1710 -0.950

0.1720 -0.946

0.1730 -0.942

0.1740 -0.938

0.1750 -0.935

0.1760 -0.931

0.1770 -0.927

0.1780 -0.923

0.1790 -0.919

0.1800 -0.915

0.1810 -0.912

0.1820 -0.908

0.1830 -0.904

0.1840 -0.900

0.1850 -0.896

0.1860 -0.893

0.1870 -0.889

0.1880 -0.885

0.1890 -0.882

0.1900 -0.878

0.1910 -0.874

0.1920 -0.870

0.1930 -0.867

0.1940 -0.863

0.1950 -0.860

0.1960 -0.856

0.1970 -0.852

0.1980 -0.849

0.1990 -0.845

0.2000 -0.842

0.2010 -0.838

0.2020 -0.834

0.2030 -0.831

0.2040 -0.827

0.2050 -0.824

0.2060 -0.820

0.2070 -0.817

0.2080 -0.813

0.2090 -0.810

0.2100 -0.806

0.2110 -0.803

0.2120 -0.799

0.2130 -0.796

0.2140 -0.793

0.2150 -0.789

0.2160 -0.786

0.2170 -0.782

0.2180 -0.779

0.2190 -0.776

0.2200 -0.772

0.2210 -0.769

0.2220 -0.765
0.2230 -0.762

0.2240 -0.759

0.2250 -0.755

0.2260 -0.752

0.2270 -0.749

0.2280 -0.745

0.2290 -0.742

0.2300 -0.739

0.2310 -0.736

0.2320 -0.732

0.2330 -0.729

0.2340 -0.726

0.2350 -0.722

0.2360 -0.719

0.2370 -0.716

0.2380 -0.713

0.2390 -0.709

0.2400 -0.706

0.2410 -0.703

0.2420 -0.700

0.2430 -0.697

0.2440 -0.693

0.2450 -0.690

0.2460 -0.687

0.2470 -0.684

0.2480 -0.681

0.2490 -0.678

0.2500 -0.674

0.2510 -0.671

0.2520 -0.668

0.2530 -0.665

0.2540 -0.662

0.2550 -0.659

0.2560 -0.656

0.2570 -0.653

0.2580 -0.649

0.2590 -0.646

0.2600 -0.643

0.2610 -0.640

0.2620 -0.637

0.2630 -0.634

0.2640 -0.631

0.2650 -0.628

0.2660 -0.625

0.2670 -0.622

0.2680 -0.619

0.2690 -0.616

0.2700 -0.613

0.2710 -0.610

0.2720 -0.607

0.2730 -0.604

0.2740 -0.601

0.2750 -0.598

0.2760 -0.595

0.2770 -0.592

0.2780 -0.589
0.2790 -0.586

0.2800 -0.583

0.2810 -0.580

0.2820 -0.577

0.2830 -0.574

0.2840 -0.571

0.2850 -0.568

0.2860 -0.565

0.2870 -0.562

0.2880 -0.559

0.2890 -0.556

0.2900 -0.553

0.2910 -0.550

0.2920 -0.548

0.2930 -0.545

0.2940 -0.542

0.2950 -0.539

0.2960 -0.536

0.2970 -0.533

0.2980 -0.530

0.2990 -0.527

0.3000 -0.524

0.3010 -0.521

0.3020 -0.519

0.3030 -0.516

0.3040 -0.513

0.3050 -0.510

0.3060 -0.507

0.3070 -0.504

0.3080 -0.501

0.3090 -0.499

0.3100 -0.496

0.3110 -0.493

0.3120 -0.490

0.3130 -0.487

0.3140 -0.485

0.3150 -0.482

0.3160 -0.479

0.3170 -0.476

0.3180 -0.473

0.3190 -0.470

0.3200 -0.468

0.3210 -0.465

0.3220 -0.462

0.3230 -0.459

0.3240 -0.457

0.3250 -0.454

0.3260 -0.451

0.3270 -0.448

0.3280 -0.445

0.3290 -0.443

0.3300 -0.440

0.3310 -0.437

0.3320 -0.434

0.3330 -0.432

0.3340 -0.429
0.3350 -0.426

0.3360 -0.423

0.3370 -0.421

0.3380 -0.418

0.3390 -0.415

0.3400 -0.412

0.3410 -0.410

0.3420 -0.407

0.3430 -0.404

0.3440 -0.402

0.3450 -0.399

0.3460 -0.396

0.3470 -0.393

0.3480 -0.391

0.3490 -0.388

0.3500 -0.385

0.3510 -0.383

0.3520 -0.380

0.3530 -0.377

0.3540 -0.375

0.3550 -0.372

0.3560 -0.369

0.3570 -0.366

0.3580 -0.364

0.3590 -0.361

0.3600 -0.358

0.3610 -0.356

0.3620 -0.353

0.3630 -0.350

0.3640 -0.348

0.3650 -0.345

0.3660 -0.342

0.3670 -0.340

0.3680 -0.337

0.3690 -0.334

0.3700 -0.332

0.3710 -0.329

0.3720 -0.327

0.3730 -0.324

0.3740 -0.321

0.3750 -0.319

0.3760 -0.316

0.3770 -0.313

0.3780 -0.311

0.3790 -0.308

0.3800 -0.305

0.3810 -0.303

0.3820 -0.300

0.3830 -0.298

0.3840 -0.295

0.3850 -0.292

0.3860 -0.290

0.3870 -0.287

0.3880 -0.284

0.3890 -0.282

0.3900 -0.279
0.3910 -0.277

0.3920 -0.274

0.3930 -0.271

0.3940 -0.269

0.3950 -0.266

0.3960 -0.264

0.3970 -0.261

0.3980 -0.258

0.3990 -0.256

0.4000 -0.253

0.4010 -0.251

0.4020 -0.248

0.4030 -0.246

0.4040 -0.243

0.4050 -0.240

0.4060 -0.238

0.4070 -0.235

0.4080 -0.233

0.4090 -0.230

0.4100 -0.228

0.4110 -0.225

0.4120 -0.222

0.4130 -0.220

0.4140 -0.217

0.4150 -0.215

0.4160 -0.212

0.4170 -0.210

0.4180 -0.207

0.4190 -0.204

0.4200 -0.202

0.4210 -0.199

0.4220 -0.197

0.4230 -0.194

0.4240 -0.192

0.4250 -0.189

0.4260 -0.187

0.4270 -0.184

0.4280 -0.181

0.4290 -0.179

0.4300 -0.176

0.4310 -0.174

0.4320 -0.171

0.4330 -0.169

0.4340 -0.166

0.4350 -0.164

0.4360 -0.161

0.4370 -0.159

0.4380 -0.156

0.4390 -0.153

0.4400 -0.151

0.4410 -0.148

0.4420 -0.146

0.4430 -0.143

0.4440 -0.141

0.4450 -0.138

0.4460 -0.136
0.4470 -0.133

0.4480 -0.131

0.4490 -0.128

0.4500 -0.126

0.4510 -0.123

0.4520 -0.121

0.4530 -0.118

0.4540 -0.116

0.4550 -0.113

0.4560 -0.110

0.4570 -0.108

0.4580 -0.105

0.4590 -0.103

0.4600 -0.100

0.4610 -0.098

0.4620 -0.095

0.4630 -0.093

0.4640 -0.090

0.4650 -0.088

0.4660 -0.085

0.4670 -0.083

0.4680 -0.080

0.4690 -0.078

0.4700 -0.075

0.4710 -0.073

0.4720 -0.070

0.4730 -0.068

0.4740 -0.065

0.4750 -0.063

0.4760 -0.060

0.4770 -0.058

0.4780 -0.055

0.4790 -0.053

0.4800 -0.050

0.4810 -0.048

0.4820 -0.045

0.4830 -0.043

0.4840 -0.040

0.4850 -0.038

0.4860 -0.035

0.4870 -0.033

0.4880 -0.030

0.4890 -0.028

0.4900 -0.025

0.4910 -0.023

0.4920 -0.020

0.4930 -0.018

0.4940 -0.015

0.4950 -0.012

0.4960 -0.010

0.4970 -0.007

0.4980 -0.005

0.4990 -0.002

0.5000 0.000

0.5010 0.003

0.5020 0.005
0.5030 0.008

0.5040 0.010

0.5050 0.013

0.5060 0.015

0.5070 0.018

0.5080 0.020

0.5090 0.023

0.5100 0.025

0.5110 0.028

0.5120 0.030

0.5130 0.033

0.5140 0.035

0.5150 0.038

0.5160 0.040

0.5170 0.043

0.5180 0.045

0.5190 0.048

0.5200 0.050

0.5210 0.053

0.5220 0.055

0.5230 0.058

0.5240 0.060

0.5250 0.063

0.5260 0.065

0.5270 0.068

0.5280 0.070

0.5290 0.073

0.5300 0.075

0.5310 0.078

0.5320 0.080

0.5330 0.083

0.5340 0.085

0.5350 0.088

0.5360 0.090

0.5370 0.093

0.5380 0.095

0.5390 0.098

0.5400 0.100

0.5410 0.103

0.5420 0.106

0.5430 0.108

0.5440 0.111

0.5450 0.113

0.5460 0.116

0.5470 0.118

0.5480 0.121

0.5490 0.123

0.5500 0.126

0.5510 0.128

0.5520 0.131

0.5530 0.133

0.5540 0.136

0.5550 0.138

0.5560 0.141

0.5570 0.143

0.5580 0.146
0.5590 0.148

0.5600 0.151

0.5610 0.154

0.5620 0.156

0.5630 0.159

0.5640 0.161

0.5650 0.164

0.5660 0.166

0.5670 0.169

0.5680 0.171

0.5690 0.174

0.5700 0.176

0.5710 0.179

0.5720 0.182

0.5730 0.184

0.5740 0.187

0.5750 0.189

0.5760 0.192

0.5770 0.194

0.5780 0.197

0.5790 0.199

0.5800 0.202

0.5810 0.204

0.5820 0.207

0.5830 0.210

0.5840 0.212

0.5850 0.215

0.5860 0.217

0.5870 0.220

0.5880 0.222

0.5890 0.225

0.5900 0.228

0.5910 0.230

0.5920 0.233

0.5930 0.235

0.5940 0.238

0.5950 0.240

0.5960 0.243

0.5970 0.246

0.5980 0.248

0.5990 0.251

0.6000 0.253

0.6010 0.256

0.6020 0.259

0.6030 0.261

0.6040 0.264

0.6050 0.266

0.6060 0.269

0.6070 0.272

0.6080 0.274

0.6090 0.277

0.6100 0.279

0.6110 0.282

0.6120 0.285

0.6130 0.287

0.6140 0.290
0.6150 0.292

0.6160 0.295

0.6170 0.298

0.6180 0.300

0.6190 0.303

0.6200 0.306

0.6210 0.308

0.6220 0.311

0.6230 0.313

0.6240 0.316

0.6250 0.319

0.6260 0.321

0.6270 0.324

0.6280 0.327

0.6290 0.329

0.6300 0.332

0.6310 0.335

0.6320 0.337

0.6330 0.340

0.6340 0.343

0.6350 0.345

0.6360 0.348

0.6370 0.350

0.6380 0.353

0.6390 0.356

0.6400 0.358

0.6410 0.361

0.6420 0.364

0.6430 0.367

0.6440 0.369

0.6450 0.372

0.6460 0.375

0.6470 0.377

0.6480 0.380

0.6490 0.383

0.6500 0.385

0.6510 0.388

0.6520 0.391

0.6530 0.393

0.6540 0.396

0.6550 0.399

0.6560 0.402

0.6570 0.404

0.6580 0.407

0.6590 0.410

0.6600 0.413

0.6610 0.415

0.6620 0.418

0.6630 0.421

0.6640 0.423

0.6650 0.426

0.6660 0.429

0.6670 0.432

0.6680 0.434

0.6690 0.437

0.6700 0.440
0.6710 0.443

0.6720 0.445

0.6730 0.448

0.6740 0.451

0.6750 0.454

0.6760 0.457

0.6770 0.459

0.6780 0.462

0.6790 0.465

0.6800 0.468

0.6810 0.471

0.6820 0.473

0.6830 0.476

0.6840 0.479

0.6850 0.482

0.6860 0.485

0.6870 0.487

0.6880 0.490

0.6890 0.493

0.6900 0.496

0.6910 0.499

0.6920 0.502

0.6930 0.504

0.6940 0.507

0.6950 0.510

0.6960 0.513

0.6970 0.516

0.6980 0.519

0.6990 0.522

0.7000 0.524

0.7010 0.527

0.7020 0.530

0.7030 0.533

0.7040 0.536

0.7050 0.539

0.7060 0.542

0.7070 0.545

0.7080 0.548

0.7090 0.551

0.7100 0.553

0.7110 0.556

0.7120 0.559

0.7130 0.562

0.7140 0.565

0.7150 0.568

0.7160 0.571

0.7170 0.574

0.7180 0.577

0.7190 0.580

0.7200 0.583

0.7210 0.586

0.7220 0.589

0.7230 0.592

0.7240 0.595

0.7250 0.598

0.7260 0.601
0.7270 0.604

0.7280 0.607

0.7290 0.610

0.7300 0.613

0.7310 0.616

0.7320 0.619

0.7330 0.622

0.7340 0.625

0.7350 0.628

0.7360 0.631

0.7370 0.634

0.7380 0.637

0.7390 0.640

0.7400 0.643

0.7410 0.646

0.7420 0.650

0.7430 0.653

0.7440 0.656

0.7450 0.659

0.7460 0.662

0.7470 0.665

0.7480 0.668

0.7490 0.671

0.7500 0.675

0.7510 0.678

0.7520 0.681

0.7530 0.684

0.7540 0.687

0.7550 0.690

0.7560 0.694

0.7570 0.697

0.7580 0.700

0.7590 0.703

0.7600 0.706

0.7610 0.710

0.7620 0.713

0.7630 0.716

0.7640 0.719

0.7650 0.723

0.7660 0.726

0.7670 0.729

0.7680 0.732

0.7690 0.736

0.7700 0.739

0.7710 0.742

0.7720 0.745

0.7730 0.749

0.7740 0.752

0.7750 0.755

0.7760 0.759

0.7770 0.762

0.7780 0.766

0.7790 0.769

0.7800 0.772

0.7810 0.776

0.7820 0.779
0.7830 0.782

0.7840 0.786

0.7850 0.789

0.7860 0.793

0.7870 0.796

0.7880 0.800

0.7890 0.803

0.7900 0.806

0.7910 0.810

0.7920 0.813

0.7930 0.817

0.7940 0.820

0.7950 0.824

0.7960 0.827

0.7970 0.831

0.7980 0.835

0.7990 0.838

0.8000 0.842

0.8010 0.845

0.8020 0.849

0.8030 0.852

0.8040 0.856

0.8050 0.860

0.8060 0.863

0.8070 0.867

0.8080 0.871

0.8090 0.874

0.8100 0.878

0.8110 0.882

0.8120 0.885

0.8130 0.889

0.8140 0.893

0.8150 0.897

0.8160 0.900

0.8170 0.904

0.8180 0.908

0.8190 0.912

0.8200 0.915

0.8210 0.919

0.8220 0.923

0.8230 0.927

0.8240 0.931

0.8250 0.935

0.8260 0.939

0.8270 0.942

0.8280 0.946

0.8290 0.950

0.8300 0.954

0.8310 0.958

0.8320 0.962

0.8330 0.966

0.8340 0.970

0.8350 0.974

0.8360 0.978

0.8370 0.982

0.8380 0.986
0.8390 0.990

0.8400 0.995

0.8410 0.999

0.8420 1.003

0.8430 1.007

0.8440 1.011

0.8450 1.015

0.8460 1.019

0.8470 1.024

0.8480 1.028

0.8490 1.032

0.8500 1.036

0.8510 1.041

0.8520 1.045

0.8530 1.049

0.8540 1.054

0.8550 1.058

0.8560 1.063

0.8570 1.067

0.8580 1.071

0.8590 1.076

0.8600 1.080

0.8610 1.085

0.8620 1.089

0.8630 1.094

0.8640 1.099

0.8650 1.103

0.8660 1.108

0.8670 1.112

0.8680 1.117

0.8690 1.122

0.8700 1.126

0.8710 1.131

0.8720 1.136

0.8730 1.141

0.8740 1.146

0.8750 1.150

0.8760 1.155

0.8770 1.160

0.8780 1.165

0.8790 1.170

0.8800 1.175

0.8810 1.180

0.8820 1.185

0.8830 1.190

0.8840 1.195

0.8850 1.200

0.8860 1.206

0.8870 1.211

0.8880 1.216

0.8890 1.221

0.8900 1.227

0.8910 1.232

0.8920 1.237

0.8930 1.243

0.8940 1.248
0.8950 1.254

0.8960 1.259

0.8970 1.265

0.8980 1.270

0.8990 1.276

0.9000 1.282

0.9010 1.287

0.9020 1.293

0.9030 1.299

0.9040 1.305

0.9050 1.311

0.9060 1.317

0.9070 1.323

0.9080 1.329

0.9090 1.335

0.9100 1.341

0.9110 1.347

0.9120 1.353

0.9130 1.360

0.9140 1.366

0.9150 1.372

0.9160 1.379

0.9170 1.385

0.9180 1.392

0.9190 1.398

0.9200 1.405

0.9210 1.412

0.9220 1.419

0.9230 1.426

0.9240 1.433

0.9250 1.440

0.9260 1.447

0.9270 1.454

0.9280 1.461

0.9290 1.468

0.9300 1.476

0.9310 1.483

0.9320 1.491

0.9330 1.499

0.9340 1.506

0.9350 1.514

0.9360 1.522

0.9370 1.530

0.9380 1.538

0.9390 1.547

0.9400 1.555

0.9410 1.563

0.9420 1.572

0.9430 1.581

0.9440 1.589

0.9450 1.598

0.9460 1.607

0.9470 1.617

0.9480 1.626

0.9490 1.635

0.9500 1.645
0.9510 1.655

0.9520 1.665

0.9530 1.675

0.9540 1.685

0.9550 1.696

0.9560 1.706

0.9570 1.717

0.9580 1.728

0.9590 1.739

0.9600 1.751

0.9610 1.763

0.9620 1.775

0.9630 1.787

0.9640 1.799

0.9650 1.812

0.9660 1.825

0.9670 1.839

0.9680 1.852

0.9690 1.867

0.9700 1.881

0.9710 1.896

0.9720 1.911

0.9730 1.927

0.9740 1.943

0.9750 1.960

0.9760 1.978

0.9770 1.996

0.9780 2.014

0.9790 2.034

0.9800 2.054

0.9810 2.075

0.9820 2.097

0.9830 2.120

0.9840 2.145

0.9850 2.170

0.9860 2.198

0.9870 2.227

0.9880 2.258

0.9890 2.291

0.9900 2.327

0.9910 2.366

0.9920 2.410

0.9930 2.458

0.9940 2.513

0.9950 2.577

0.9960 2.653

0.9970 2.749

1.0000 4.107
1.0

0.9

0.8

0.7

0.6

0.5

0.4

0.3

0.2

0.1

0.0
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