20,000 with dividends reinvested for 20 years
$20,000.00 to start, $300.00 a month, yield 3%, for 20 years. Reinvestment on.
Value $351,758.42. Dividends $133,360.72. Last month’s dividend $1,835.61.
Dividend reinvestment calculator
Dividends can buy more, or you can take them as cash.
The yield can rise once a year. The price grows separately. Tax on the dividends is not taken out.
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More · currency symbol
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Portfolio value
$351,758.42
Dividends $133,360.72. Last month $1,835.61.
- Contributed
- $92,000.00
- Dividends
- $133,360.72
Now1020
Next: FIRE numberThe portfolio that covers a year of spending.
How this is calculated
A monthly dividend, reinvested or paid out
dividend = value × that year’s yield ÷ 12
| yield | The starting annual dividend yield. It grows by the dividend growth rate each year. |
|---|---|
| price growth | How the portfolio value moves before the dividend is added back. |
Turn reinvestment off and the same dividends are cash. They do not buy more of the portfolio, so later dividends are smaller.
This is not a quote for a fund. A cut dividend or a price drop is outside the straight growth rates.
Worked examples
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The same portfolio, dividends taken as cash
$20,000.00 to start, $300.00 a month, yield 3%, for 20 years. Reinvestment off.
Value $175,303.29. Dividends $85,016.73. Last month’s dividend $919.60.
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<iframe src="/embed/dividend-reinvestment-calculator" title="Dividend reinvestment" width="100%" height="720" style="border:0;max-width:42rem" loading="lazy"></iframe>Questions
What is the monthly income at the end?
The last month’s dividend, not an average. With reinvestment it is larger because the balance it was paid on is larger.
Does the yield apply to new contributions?
Yes, from the month they are added. A contribution does not earn a dividend for the months before it arrives.
Where is the tax on dividends?
Not deducted. If dividends are taxed, the result is before that tax.