Retirement Longevity Calculator

With Americans living longer, it’s important to establish a sound retirement plan so you don’t outlive your money. Middlefield Bank has created a calculator you can use to determine how much you can afford to withdraw each month before depleting your savings. Enter your savings balance, the anticipated monthly withdrawal amount, the rate of return, and the withdrawal period (biweekly, monthly, quarterly, semiannually, or annually). The calculator will show you how many years your funds will last at your proposed withdrawal rate. You can adjust the numbers until you arrive at a schedule that’s workable.
 
Middlefield Bank offers retirement solutions, including traditional and Roth IRAs and CDs. You can use our future value calculator to see how much your investment will grow over time. Enter the present date, future date, present value, rate of return, and select a compounding period from the drop-down menu. The calculator will give you the future value of your CD. If you’d like to learn more about how Middlefield Bank can help you plan for your retirement, meet with one of the personal bankers at your local branch.