Income Calculator
Estimate your dividend income.
See how much monthly and annual income your portfolio can generate. Plug in your investment amount and the average yield of your holdings to project the cash flow you can expect — before and after tax.
Your inputs
Enter your portfolio details to estimate income.
How this dividend income calculator works
The Dividend Vision income calculator multiplies your invested capital by the average annual dividend yield of your portfolio to estimate gross income, then breaks that figure down by distribution period and applies your effective tax rate to show take-home income. It assumes a flat yield across the year — in practice, distributions vary, especially for option-income ETFs.
How to use it
- Investment amount. The total dollars deployed into income producing assets. Exclude cash drag that isn’t earning a dividend.
- Average dividend yield. The blended yield across your holdings, weighted by position size. SCHD-style core ETFs sit near 3.5%, while high-yield option-income funds can run 8–15%+.
- Distribution frequency. How often your holdings pay. Weekly ETFs (e.g. WPAY) pay 52 times a year; most equity ETFs pay quarterly.
- Effective tax rate. Your blended rate on dividends. Use 0% for a tax-sheltered account, 15–20% for qualified dividends, or your marginal bracket for ordinary/non-qualified distributions.
Common questions
Should I use SEC yield or distribution yield? Distribution yield is closer to what you’ll actually receive over the next 12 months. SEC yield is a regulatory standard that excludes return of capital. See our SEC vs. distribution yield guide for the difference.
Does this account for reinvested dividends? No — this calculator shows income at a single point in time. For compounding via DRIP, use the DRIP calculator.
What tax rate should I use? Qualified dividends are taxed at long-term capital gains rates (0%, 15%, or 20% federal). Non-qualified distributions (most covered-call ETFs, REITs) are taxed at ordinary income rates. The tax estimator can give you a more detailed breakdown.
Take it further with Dividend Vision
- Set a specific income target with the $1,000 per month or $5,000 per month planning pages.
- Find ETFs that match your yield target with the ETF Screener.
- Compare your portfolio yield against benchmarks on the Portfolio Vision dashboard.
- Project compounding growth with the yield-on-cost calculator.
Related reading
- The Portfolio Paycheck — Build a portfolio that pays you monthly
- SEC Yield vs. Distribution Yield — Understand the yield numbers you see on a fact sheet
- Monthly Income ETFs — Find funds that pay every month