Dividend Income Goal Calculator
Pick the income you want and a yield. See how much you’d need invested to get there.
To take home $1,000 a month at a 8.00% yield, you would need about $150,000 invested.
| Yield | Needed for this goal | Compared with your yield |
|---|---|---|
| 3% | $400,000 | +$250,000 |
| 5% | $240,000 | +$90,000 |
| 8% | $150,000 | +$0 |
| 12% | $100,000 | −$50,000 |
| 20% | $60,000 | −$90,000 |
| 40% | $30,000 | −$120,000 |
Read this before chasing the highest yield
The amount needed is simply your yearly income goal divided by the yield. It assumes the fund keeps paying the same yield and that its share price holds. Very high yields often come with a falling share price, which shrinks both your investment and future payouts: check a fund’s NAV erosion grade, or run it through the NAV erosion calculator, before relying on it.
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