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Calcimator

Endowment Spending Calculator

Model endowment spending policy with distribution rates, inflation, and projected balance over time. Determine sustainability of spending rate.

Inputs

$

Results

Annual Distribution

$50,000.00

≈ 5 years of state college

Years to Depletion

999

Real Return4%
Net Growth Rate2%
Balance in 10 Years$1,218,994.00
Total Distributions (10yr)$547,486.00
Real Distribution Yr 10$37,205.00
How to Use This Calculator
  1. Enter Endowment Balance ($), Spending Rate (%), and Inflation Rate (%).
  2. Set Expected Return (%).
  3. Review Annual Distribution ($) and Years to Depletion.
  4. Use Real Return (%) and Net Growth Rate (%) to inform your decision.
  5. Use the chart to visualize the results and explore different scenarios by adjusting inputs.

How the result changes with Endowment Balance ($)

Endowment Balance ($)Annual DistributionYears to Depletion
$1,000,000,000.00$50,000,000.00999
$3,500,000,000.00$175,000,000.00999
$6,500,000,000.00$325,000,000.00999
$9,000,000,000.00$450,000,000.00999

What each input means

Endowment Balance ($)
Current market value of the endowment
Spending Rate (%)
Annual distribution as % of balance (4-5% is standard)
Inflation Rate (%)
Expected annual inflation rate
Expected Return (%)
Expected total annual investment return

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    4 parameters
    Endowment Balance ($) = 1000000, Spending Rate (%) = 5, Inflation Rate (%) = 3, Expected Return (%) = 7 = 4 input(s) provided
  2. Calculate Annual Distribution
    Annual Distribution
    50000 = $50,000
  3. Calculate Years to Depletion
    999 = 999
  4. Calculate Real Return
    Real Return
    4 = 4
  5. Calculate Net Growth Rate
    Net Growth Rate
    2 = 2

Engine last updated .

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