India, Nov. 4 -- Turning your savings into a regular income sounds simple until you start doing the math. Withdraw too much, and the money may run out early. Withdraw too little, and you may hold back the life you planned. An SWP calculator can help you see where you stand.
Before you commit to any withdrawal amount, it helps to look at what the numbers could do over the years. Let's see what you can find out.
An SWP calculator is a tool that shows how long your corpus can last when you withdraw a fixed amount at regular intervals. A systematic withdrawal plan, or SWP, lets you redeem a fixed sum from a mutual fund every month or quarter.
Think of your corpus as a water tank with a tap. The tap is your monthly withdrawal, and the returns...