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Income Goal Calculator
How much do you need invested to reach your target monthly income?
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Portfolio needed$1,210,084@ 3.5% yield · 15% tax
15 yrs
Required monthly investment$3,440for 15 years (DRIP)
Monthly Income$248$2,975/yr after tax
Annual Income $2,975
Year 10 Annual Income $6,932
Yield on Cost 8.2%
Total Dividends Received $169,691
DRIP vs No-DRIP Comparison
With DRIP$563,231
Without DRIP$265,330
DRIP advantage+$297,902
Dividend Income Growth
Portfolio Value Growth
Income Projection
| Year | Portfolio | Annual Dividends | Monthly | YoC |
|---|---|---|---|---|
| 1 | $100,000 | $2,975 | $248 | 3.5% |
| 2 | $108,675 | $3,264 | $272 | 3.8% |
| 3 | $118,141 | $3,582 | $298 | 4.2% |
| 4 | $128,472 | $3,932 | $328 | 4.6% |
| 5 | $139,754 | $4,318 | $360 | 5.1% |
| 10 | $213,949 | $6,932 | $578 | 8.2% |
| 15 | $330,385 | $11,224 | $935 | 13.2% |
| 20 | $514,836 | $18,339 | $1,528 | 21.6% |
Methodology
Dividends are assumed to be paid quarterly and shown as monthly averages. DRIP reinvests pre-tax dividends at current yield. Yield on Cost = current annual dividend ÷ original investment cost. Dividend growth compounds the per-share payout; it does not affect yield (which may decline as price grows faster). This is a deterministic projection — actual results depend on company earnings, payout ratios, and market conditions.