How much dividend actually reaches your account?
Most dividend calculators show the gross figure. This one applies the partial exemption, the Sparer-Pauschbetrag and church tax — the number you actually receive.
A projection of your assumptions, not a forecast. Dividends can be cut or dropped.
€72.92 net per month today — the target is €500.00.
With your contribution you reach the target in 18 years, which takes €201,003.04.
Net per month
€72.92
Capital needed
€201,003.04
Target reached in
18 years
| Gross dividend per year | €875.00 |
|---|---|
| Partial exemption | − €262.50 |
| Sparer-Pauschbetrag | − €612.50 |
| Tax | − €0.00 |
| Net per year | €875.00 |
| Capital still missing | €176,003.04 |
| Point in time | Portfolio value | Net per month |
|---|---|---|
| in 5 years | €56,731.98 | €156.90 |
| in 10 years | €101,182.16 | €262.61 |
| in 15 years | €163,101.11 | €409.86 |
| in 20 years | €249,354.02 | €614.99 |
| in 30 years | €536,872.63 | €1,298.76 |
Effective tax burden on today's dividend: 0%.
What makes the difference
Three things a gross calculation hides
They decide how far away your dividend target really is.
Tax costs about a quarter
Above the allowance 26.375% is withheld, up to 27.99% with church tax. For equity ETFs the 30% partial exemption softens that — for individual stocks it does not.
The allowance only works once
The first 1,000 EUR of investment income per year stays tax-free. That makes small dividend portfolios entirely tax-free — and quickly becomes irrelevant for larger ones.
Foreign withholding tax
Foreign dividends are taxed in their home country first. Part of it is credited against German tax, the rest only comes back through a reclaim procedure. This calculator models the German part.
Frequently asked
Understanding dividends
It depends on the yield and the tax. At a 3.5% yield under German taxation the requirement is roughly 230,000 to 250,000 EUR — the calculator above shows the exact figure for your assumptions. A higher assumed yield needs less capital but carries more risk.
Not automatically. Yield also rises when the price falls, so a double-digit yield at a struggling company is often a warning that the dividend is about to be cut. What matters is whether the company can pay the distribution out of profits for the long run.
During the saving phase accumulating ETFs are usually slightly more efficient, because nothing has to be reinvested and no order fees apply. Distributing ETFs help use up the annual allowance and, in the withdrawal phase, provide cash without selling shares.
At the moment of distribution. A German broker withholds capital gains tax, solidarity surcharge and, where applicable, church tax and transfers you the net amount.
Yes. Set the investment type above to "Equity ETF" and this ETF dividend calculator applies the 30% partial exemption instead of the full capital gains tax used for individual stocks. For the dividend yield, enter the ETF's own distribution yield (found in the provider's factsheet), not the index's yield.
Embed this calculator on your own site
Free, no sign-up, no tracking. A one-line snippet that resizes itself — for blogs, guides and comparison sites.
More calculators
You might also like
Don't just calculate — keep track
Planafolio follows your portfolio, taxes and retirement plan automatically. Start free, no credit card.
Start for free