High Yield Investment Calculator
How much will your portfolio pay you every month after taxes? Model covered call ETFs, CEFs, and dividend funds with real tax treatment. No login required.
Your Portfolio Pays You
$3,130 /month
After tax, before any growth
- Gross income
- $3,219/mo
- of which return of capital
- $760/mo
- Sustainable income excluding ROC
- $2,370/mo
Covers 104% of your $3,000/mo goal
Monthly income at $400,000, by yield
Index funds
$1,333/mo
At a 4% gross yield (Broad index ETF), before tax
Needs $900,000 for a $3,000/mo goal
Dividend / JEPI
$2,333/mo
At a 7% gross yield (SCHD, JEPI, DIVO), before tax
Needs $514,286 for a $3,000/mo goal
Covered call mix
$3,333/mo
At a 10% gross yield (SPYI, QQQI, GPIQ), before tax
Needs $360,000 for a $3,000/mo goal
High-yield & CEFs
$4,333/mo
At a 13% gross yield (CLM, CRF, TSPY), before tax
Needs $276,923 for a $3,000/mo goal
Sets the goal to that city's cost of living and compares your income to it.
Required Portfolio
$383,410
To earn $3,000/month at 9.4% after-tax yield
Funded: $16,590 surplus
Tax assumptions
- Single filer, other taxable income $0, 2026 US federal brackets. Capital gains and qualified dividends are stacked on that other income, so at $0 other income they can be taxed at 0%.
- Expat: no US state tax. The FEIE covers earned income, not investment income, so this income is still federally taxable. Foreign taxes and the foreign tax credit are not modeled.
- Fund data updated: Feb 15, 2026. Yields are estimates and can change. This is not tax or investment advice.
After-Tax Income Breakdown
| Fund | Weight | Gross yield | Net yield | Monthly |
|---|---|---|---|---|
| SPYI | 30% | 11.7% | 11.1% | $1,114 |
| DIVO | 15% | 6.4% | 6.4% | $320 |
| CLM | 20% | 19.0% | 18.8% | $1,251 |
| SCHD | 25% | 3.8% | 3.8% | $313 |
| CASH | 10% | 4.5% | 4.0% | $132 |
| Total | 100% | 9.66% | 9.39% | $3,130 |
| $3,130/mo · $37,558/yr after tax | ||||
Surplus / Shortfall Snowball
After-tax income vs your inflation-adjusted goal, on the same projection the charts use (dividend growth, NAV erosion, 3% inflation on the goal).
| Year | After-tax income | Surplus / shortfall |
|---|---|---|
| 1 | $37,558 | +$1,558 |
| 2 | $37,312 | +$232 |
| 3 | $36,942 | -$1,250 |
| 4 | $36,434 | -$2,904 |
| 5 | $35,769 | -$4,750 |
| 6 | $34,926 | -$6,808 |
| 7 | $33,882 | -$9,104 |
| 8 | $32,612 | -$11,663 |
| 9 | $31,087 | -$14,517 |
| 10 | $29,274 | -$17,698 |
Income covers your goal until year 3. The portfolio then declines to $285,814 by year 10.
Your $3,130/month goes further in lower-cost cities. See what it covers in Medellin, Lisbon, Bangkok and more.
Compare this income to cost of living abroadSave your results and get notified when fund yields update
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Where to hold and move the portfolio
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Why This Calculator Is Different
Income-first, not growth-first
Standard calculators answer "How much will my portfolio be worth in 20 years?" This one answers "How much will my portfolio pay me right now?" If you are building a high-yield portfolio with covered call ETFs and dividend funds, monthly income matters more than future value.
Per-fund tax treatment
Not all yield is taxed the same. SPYI and QQQI get 60/40 treatment under Section 1256. JEPI and JEPQ use ELN structure taxed as ordinary income. CLM returns part of your capital tax-deferred. This calculator models each fund differently.
Geoarbitrage comparison
Your portfolio income goes further in some cities than others. Pick a target city to see whether your income covers your cost of living there, then check the cost of living in Medellin or our guide to living in Colombia for the on-the-ground numbers.
CLM NAV erosion modeling
Closed-end funds like CLM and CRF pay high yields partly by returning your own capital. The NAV erosion slider lets you stress-test what happens if the fund's asset value declines over time while you reinvest distributions.
Read the strategy guide behind this calculator
How covered call ETFs, closed-end funds and dividend funds work, which ones fit an expat portfolio, and the tax traps to avoid.
Read the high-yield investing guideNot financial advice. Past performance does not guarantee future results. Consult a qualified financial advisor before making investment decisions.
How it's calculated
Each fund's gross yield is taxed by its own rule: 60/40 capital gains for Section 1256 funds, ordinary income for ELN funds, qualified dividend rates, or return of capital for closed-end funds. The after-tax yields are weighted by your allocation to give a blended net yield, and monthly income is that yield on your portfolio divided by twelve. One projection then carries the whole page: dividend growth raises income, NAV erosion lowers the portfolio, and the goal grows with 3% inflation, so the charts, the snowball table and the headline number all come from the same math.
Sources: IRS Publication 550 and Form 6781 cover Section 1256 and return of capital. Fund data updated Feb 15, 2026.
Funds in this calculator
SPYI NEOS S&P 500 High Income ETF
11.7% gross yield. Section 1256 60/40 capital gains treatment.
QQQI NEOS Nasdaq-100 High Income ETF
13.0% gross yield. Section 1256 60/40 capital gains treatment.
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF
9.5% gross yield. Section 1256 60/40 capital gains treatment.
JEPQ JPMorgan Nasdaq Equity Premium Income ETF
10.4% gross yield. Ordinary income (ELN structure).
JEPI JPMorgan Equity Premium Income ETF
7.8% gross yield. Ordinary income (ELN structure).
DIVO Amplify CWP Enhanced Dividend Income ETF
6.4% gross yield. Qualified dividend rates.
SCHD Schwab US Dividend Equity ETF
3.8% gross yield. Qualified dividend rates.
TSPY TappAlpha S&P 500 Growth & Daily Income ETF
13.0% gross yield. Ordinary income.
TDAQ TappAlpha Innovation 100 Growth & Daily Income ETF
16.0% gross yield. Ordinary income.
MAGY Roundhill Magnificent Seven Covered Call ETF
38.0% gross yield. Ordinary income.
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF
5.0% gross yield. Ordinary income.
KQQQ Kurv Technology Titans Select ETF
13.1% gross yield. Ordinary income.
KGLD Kurv Gold Enhanced Income ETF
15.5% gross yield. Collectibles (28% max).
KSLV Kurv Silver Enhanced Income ETF
26.7% gross yield. Collectibles (28% max).
KCOP Kurv Copper & Mining Enhanced Income ETF
14.3% gross yield. Collectibles (28% max).
IDVO Amplify CWP International Enhanced Dividend Income ETF
5.4% gross yield. Mixed foreign dividends.
CLM Cornerstone Strategic Value Fund
19.0% gross yield. Mostly return of capital.
Distribution mix: 60% return of capital, 30% capital gains, 10% income.
CRF Cornerstone Total Return Fund
17.5% gross yield. Mostly return of capital.
Distribution mix: 58% return of capital, 32% capital gains, 10% income.
CASH Money Market Fund (e.g. SPAXX)
4.5% gross yield. Ordinary income.
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