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SWP Calculator – Systematic Withdrawal Plan & Monthly Pension

Create a predictable, tax-efficient monthly income from your mutual fund portfolio. Calculate how long your retirement corpus will last and track your final remaining wealth.

%
Years
₹0
Final Balance
Total Withdrawn
₹18,00,000
Total Interest Earned
₹17,45,210
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Year-by-Year SWP Cash Flow & Balance Schedule

Monthly Compounded Interest
Year Annual Withdrawn Annual Interest Earned Year-End Remaining Balance

What is a Systematic Withdrawal Plan (SWP)?

A Systematic Withdrawal Plan (SWP) is an automated mutual fund withdrawal facility that allows investors to periodically redeem a fixed, predetermined amount of money from their accumulated mutual fund corpus. While a SIP is utilized to accumulate wealth during your working years, an SWP is designed to generate a steady, reliable monthly cash flow (similar to a pension or monthly salary) during retirement or financial independence.

The beauty of an SWP lies in the fact that only the required monthly withdrawal amount is redeemed, leaving the vast majority of your capital invested in the mutual fund to continue compounding and earning market returns.

Why SWP Outperforms Bank Fixed Deposits (FD) & Dividends

For decades, Indian retirees relied on bank Fixed Deposits and post office schemes for monthly income. However, in an inflationary environment with 30% tax brackets, SWP provides massive financial advantages:

Feature Mutual Fund SWP Bank Fixed Deposit (FD) Dividend / IDCW Mutual Funds
Tax Treatment Only capital gain portion is taxed. Principal portion is 100% tax-free! 100% of interest is fully taxable at your personal income slab (up to 39%). 100% of dividend is taxed at your income slab + 10% TDS deducted.
Inflation Protection High: Underlying equity/hybrid funds beat 6% inflation easily over time. Zero: FD post-tax real return is often negative after inflation. Moderate: Subject to market fluctuations.
Cash Flow Predictability 100% fixed & automated on a specific chosen date every month. Monthly/Quarterly interest payout. Highly irregular — AMC decides when and how much dividend to declare.
Capital Growth Potential If withdrawal rate < fund returns, capital corpus increases continuously! Zero capital growth — original deposit remains stagnant. Capital depletes as dividends are deducted directly from NAV.

The Golden 6% to 8% Safe Withdrawal Rule

To ensure your retirement corpus never depletes throughout your lifetime, financial experts recommend following the Sustainable Safe Withdrawal Rate:

Sustainable Growth Rate (6% - 8%)

If you have a ₹1 Crore corpus in a Balanced Hybrid fund earning 10% CAGR and withdraw ₹60,000/month (7.2% p.a.), your monthly pension is secured while your principal corpus grows to ₹1.5+ Crores over 15 years.

Depletion Risk Rate (>12%)

If your monthly withdrawal exceeds the underlying portfolio's CAGR, you are eating into your core principal. Over 10-15 years, the remaining balance will decline and eventually reach zero.

Frequently Asked Questions (FAQs)

How does the SWP Calculator compute monthly balance?
Every month, the calculator computes the monthly interest earned on the starting balance: Monthly Interest = Balance × (Annual Return Rate / 12), adds the interest to the portfolio, and then deducts your fixed monthly withdrawal. This sequence repeats across all 12 months for the total number of years specified.
Is TDS deducted on Mutual Fund SWP payouts?
No! Unlike bank Fixed Deposits where TDS is automatically deducted on interest payments exceeding ₹40,000 (or ₹50,000 for senior citizens), mutual fund houses do not deduct TDS on SWP redemptions for resident Indian individuals.
Which mutual fund category is best suited for SWP?
Conservative Hybrid Funds, Multi-Asset Allocation Funds, and Equity Savings Funds are widely considered the best options for SWP. They combine low-volatility debt instruments with equity upside, providing stability during stock market drawdowns.
Can I increase my monthly SWP payout in future to counter inflation?
Yes! You can either choose a Step-Up SWP feature (where your withdrawal amount automatically escalates by 5% or 7% annually) or log into your broker/AMC portal anytime to manually update your monthly payout figure.
What is the minimum capital required to start an SWP?
Most Asset Management Companies in India allow SWP activation with an initial investment as low as ₹25,000 to ₹50,000, with minimum monthly withdrawals starting from ₹500/month.
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