Plan your retirement withdrawals and ensure your money outlives you.
A Systematic Withdrawal Plan (SWP) is the exact opposite of a SIP. Instead of putting money into a mutual fund every month, you invest a large lump sum upfront and instruct the fund to pay you a fixed amount of money every single month. It is heavily used by retirees to generate a steady "salary" from their life savings.
While you are withdrawing money every month, the remaining balance in your account is still invested in the market and earning interest. If your investments grow at a faster rate than you are withdrawing, your total balance will actually increase over time, even though you are taking cash out every month.
The biggest fear in retirement is running out of money. This tool allows you to stress-test your finances. By adjusting your expected return rate and monthly withdrawal amount, you can find the exact "safe" withdrawal limit that ensures your money lasts for your entire lifetime.