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 | €13k | €496k |
| 2 | €496k | €20k | €7k | €13k | €492k |
| 3 | €492k | €20k | €7k | €13k | €488k |
| 4 | €488k | €20k | €7k | €13k | €484k |
| 5 | €484k | €20k | €7k | €13k | €479k |
| 6 | €479k | €20k | €7k | €13k | €475k |
| 7 | €475k | €20k | €7k | €13k | €470k |
| 8 | €470k | €20k | €7k | €13k | €465k |
| 9 | €465k | €20k | €7k | €13k | €459k |
| 10 | €459k | €20k | €7k | €13k | €454k |
Simplified models for illustration only. Consult a tax advisor for your situation.
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.