ACCUMULATION + WITHDRAWAL
One continuous portfolio path.
Year-by-year lifecycle
| Age | Phase | Starting balance | Contributions | Investment return | Retirement spending | Other income | One-time cash flow | Tax-free allowance | Wealth tax | Capital gains tax | Portfolio withdrawal | Ending balance | Value in today’s dollars |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 40 | Accumulation | $400,000 | $36,000 | $30,520 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $466,520 | $466,520 |
| 41 | Accumulation | $466,520 | $36,720 | $35,227 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $538,467 | $527,909 |
| 42 | Accumulation | $538,467 | $37,454 | $40,314 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $616,236 | $592,307 |
| 43 | Accumulation | $616,236 | $38,203 | $45,811 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $700,250 | $659,861 |
| 44 | Accumulation | $700,250 | $38,968 | $51,745 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $790,963 | $730,727 |
| 45 | Accumulation | $790,963 | $39,747 | $58,150 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $888,859 | $805,067 |
| 46 | Accumulation | $888,859 | $40,542 | $65,058 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $994,459 | $883,051 |
| 47 | Accumulation | $994,459 | $41,353 | $72,507 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.11M | $964,858 |
| 48 | Accumulation | $1.11M | $42,180 | $80,535 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.23M | $1.05M |
| 49 | Accumulation | $1.23M | $43,023 | $89,184 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.36M | $1.14M |
| 50 | Accumulation | $1.36M | $43,884 | $98,499 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.51M | $1.24M |
| 51 | Accumulation | $1.51M | $44,761 | $108,527 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.66M | $1.33M |
| 52 | Accumulation | $1.66M | $45,657 | $119,320 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.82M | $1.44M |
| 53 | Accumulation | $1.82M | $46,570 | $130,932 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.00M | $1.55M |
| 54 | Accumulation | $2.00M | $47,501 | $143,422 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.19M | $1.66M |
| 55 | Withdrawal | $2.19M | $0 | $109,616 | $80,752 | $0 | $0 | $0 | $0 | $7,975 | $88,727 | $2.21M | $1.64M |
| 56 | Withdrawal | $2.21M | $0 | $110,660 | $82,367 | $0 | $0 | $0 | $0 | $8,420 | $90,787 | $2.23M | $1.63M |
| 57 | Withdrawal | $2.23M | $0 | $111,654 | $84,014 | $0 | $0 | $0 | $0 | $8,868 | $92,882 | $2.25M | $1.61M |
| 58 | Withdrawal | $2.25M | $0 | $112,592 | $85,695 | $0 | $0 | $0 | $0 | $9,318 | $95,013 | $2.27M | $1.59M |
| 59 | Withdrawal | $2.27M | $0 | $113,471 | $87,409 | $0 | $0 | $0 | $0 | $9,771 | $97,179 | $2.29M | $1.57M |
| 60 | Withdrawal | $2.29M | $0 | $114,286 | $89,157 | $0 | $0 | $0 | $0 | $10,226 | $99,383 | $2.30M | $1.55M |
| 61 | Withdrawal | $2.30M | $0 | $115,031 | $90,940 | $0 | $0 | $0 | $0 | $10,685 | $101,625 | $2.31M | $1.53M |
| 62 | Withdrawal | $2.31M | $0 | $115,701 | $92,759 | $0 | $0 | $0 | $0 | $11,147 | $103,905 | $2.33M | $1.50M |
| 63 | Withdrawal | $2.33M | $0 | $116,291 | $94,614 | $0 | $0 | $0 | $0 | $11,612 | $106,226 | $2.34M | $1.48M |
| 64 | Withdrawal | $2.34M | $0 | $116,794 | $96,506 | $0 | $0 | $0 | $0 | $12,080 | $108,586 | $2.34M | $1.46M |
| 65 | Withdrawal | $2.34M | $0 | $117,205 | $98,436 | $0 | $0 | $0 | $0 | $12,552 | $110,988 | $2.35M | $1.43M |
| 66 | Withdrawal | $2.35M | $0 | $117,516 | $100,405 | $0 | $0 | $0 | $0 | $13,028 | $113,433 | $2.35M | $1.41M |
| 67 | Withdrawal | $2.35M | $0 | $117,720 | $102,413 | $20,483 | $0 | $0 | $0 | $10,806 | $92,737 | $2.38M | $1.39M |
| 68 | Withdrawal | $2.38M | $0 | $118,969 | $104,461 | $20,892 | $0 | $0 | $0 | $11,193 | $94,762 | $2.40M | $1.38M |
| 69 | Withdrawal | $2.40M | $0 | $120,179 | $106,551 | $21,310 | $0 | $0 | $0 | $11,584 | $96,824 | $2.43M | $1.37M |
| 70 | Withdrawal | $2.43M | $0 | $121,347 | $108,682 | $21,736 | $0 | $0 | $0 | $11,978 | $98,923 | $2.45M | $1.35M |
| 71 | Withdrawal | $2.45M | $0 | $122,468 | $110,855 | $22,171 | $0 | $0 | $0 | $12,376 | $101,060 | $2.47M | $1.34M |
| 72 | Withdrawal | $2.47M | $0 | $123,539 | $113,072 | $22,614 | $0 | $0 | $0 | $12,778 | $103,236 | $2.49M | $1.32M |
| 73 | Withdrawal | $2.49M | $0 | $124,554 | $115,334 | $23,067 | $0 | $0 | $0 | $13,183 | $105,451 | $2.51M | $1.31M |
| 74 | Withdrawal | $2.51M | $0 | $125,509 | $117,641 | $23,528 | $0 | $0 | $0 | $13,594 | $107,706 | $2.53M | $1.29M |
| 75 | Withdrawal | $2.53M | $0 | $126,399 | $119,993 | $23,999 | $0 | $0 | $0 | $14,008 | $110,003 | $2.54M | $1.27M |
| 76 | Withdrawal | $2.54M | $0 | $127,219 | $122,393 | $24,479 | $0 | $0 | $0 | $14,427 | $112,342 | $2.56M | $1.25M |
| 77 | Withdrawal | $2.56M | $0 | $127,963 | $124,841 | $24,968 | $0 | $0 | $0 | $14,851 | $114,724 | $2.57M | $1.24M |
| 78 | Withdrawal | $2.57M | $0 | $128,625 | $127,338 | $25,468 | $0 | $0 | $0 | $15,280 | $117,150 | $2.58M | $1.22M |
| 79 | Withdrawal | $2.58M | $0 | $129,198 | $129,885 | $25,977 | $0 | $0 | $0 | $15,713 | $119,621 | $2.59M | $1.20M |
| 80 | Withdrawal | $2.59M | $0 | $129,677 | $132,482 | $26,496 | $0 | $0 | $0 | $16,152 | $122,138 | $2.60M | $1.18M |
| 81 | Withdrawal | $2.60M | $0 | $130,054 | $135,132 | $27,026 | $0 | $0 | $0 | $16,597 | $124,703 | $2.61M | $1.16M |
| 82 | Withdrawal | $2.61M | $0 | $130,322 | $137,835 | $27,567 | $0 | $0 | $0 | $17,047 | $127,315 | $2.61M | $1.14M |
| 83 | Withdrawal | $2.61M | $0 | $130,472 | $140,591 | $28,118 | $0 | $0 | $0 | $17,503 | $129,976 | $2.61M | $1.11M |
| 84 | Withdrawal | $2.61M | $0 | $130,497 | $143,403 | $28,681 | $0 | $0 | $0 | $17,965 | $132,688 | $2.61M | $1.09M |
| 85 | Withdrawal | $2.61M | $0 | $130,387 | $146,271 | $29,254 | $0 | $0 | $0 | $18,434 | $135,451 | $2.60M | $1.07M |
| 86 | Withdrawal | $2.60M | $0 | $130,134 | $149,197 | $29,839 | $0 | $0 | $0 | $18,908 | $138,266 | $2.59M | $1.04M |
| 87 | Withdrawal | $2.59M | $0 | $129,728 | $152,181 | $30,436 | $0 | $0 | $0 | $19,389 | $141,134 | $2.58M | $1.02M |
| 88 | Withdrawal | $2.58M | $0 | $129,157 | $155,224 | $31,045 | $0 | $0 | $0 | $19,878 | $144,057 | $2.57M | $992,725 |
| 89 | Withdrawal | $2.57M | $0 | $128,412 | $158,329 | $31,666 | $0 | $0 | $0 | $20,373 | $147,036 | $2.55M | $966,203 |
| 90 | Withdrawal | $2.55M | $0 | $127,481 | $161,495 | $32,299 | $0 | $0 | $0 | $20,875 | $150,071 | $2.53M | $938,865 |
This deterministic illustration uses smooth annual returns. Wealth tax is deducted annually; capital gains tax applies only to the estimated gain share of retirement sales after the entered exemption, using proportional cost basis. It does not model other deductions, account types, tax lots, loss offsets, fees, market volatility, changing tax rules or sequence-of-returns risk.