After-Tax Withdrawal Simulator
See your real net income after taxes, year by year
Last updated: Built by the IndepAI team
| Year | Portfolio | Gross | Tax | Net income | End value |
|---|---|---|---|---|---|
| 1 | €500k | €20k | €7k | €15k | €502k |
| 2 | €502k | €20k | €7k | €15k | €504k |
| 3 | €504k | €20k | €7k | €15k | €506k |
| 4 | €506k | €20k | €7k | €15k | €508k |
| 5 | €508k | €20k | €7k | €15k | €510k |
| 6 | €510k | €20k | €7k | €15k | €512k |
| 7 | €512k | €20k | €7k | €15k | €514k |
| 8 | €514k | €20k | €7k | €15k | €517k |
| 9 | €517k | €20k | €7k | €15k | €519k |
| 10 | €519k | €20k | €7k | €15k | €522k |
Simplified models for illustration only. Consult a tax advisor for your situation.
Tax rates (Basiszins, Box 3) as of 2024, may not reflect current-year figures.
Germany estimate is conservative: it applies full KeSt (26.375%) plus Vorabpauschale to the whole withdrawal, without the 30% Teilfreistellung partial exemption most equity ETFs qualify for. Your real German tax is likely lower than shown.
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Why gross withdrawal misleads European investors
The classic 4% rule ignores tax. For a German resident with €500k in accumulating ETFs, Vorabpauschale alone can cost €800–1,200 per year even without selling a single share.
This simulator applies country-specific tax models (KeSt, Belka, Box 3, ISK) to show your real spendable income each year, not just the gross portfolio drawdown.
Inputs are intentionally simplified. Use this to understand order-of-magnitude tax drag and portfolio longevity; for exact figures, work with a local tax advisor.
Frequently Asked Questions
What is Vorabpauschale?
A German annual deemed-distribution tax on accumulating ETFs, calculated as portfolio value × base rate × 0.7 × 26.375%. Even if you don't sell, you owe this each year.
How accurate are the tax models?
They are simplified illustrations: they assume all withdrawals are fully taxable gains and use 2024 rates. Real scenarios depend on cost basis, exemptions, and treaty rules.
What does 'survives' mean?
The portfolio still has a positive balance at the end of your chosen simulation period.
Can I model inflation?
Not directly in this tool. Set your return rate to 'real return' (nominal minus inflation, e.g. 5% - 2% = 3%) to approximate inflation-adjusted projections.
Where this data comes from
City cost estimates are AI-modeled from curated price anchors and cross-checked against World Bank price-level data. Refreshed daily (incremental) and re-modeled in full every two months. Tax figures are modeled per country and currently being verified country-by-country against primary sources.
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