Question 1

What is a DRIP (Dividend Reinvestment Plan)?

Accepted Answer

DRIP is a strategy where dividends are automatically reinvested to buy more shares. This creates a compound effect that leads to significant long-term growth, like a snowball rolling downhill.

Question 2

How much tax is on US stock dividends?

Accepted Answer

US dividends are subject to a 15% withholding tax for non-US residents. The Snowball calculator automatically accounts for this tax.

Question 3

How much SCHD dividend can I expect with $500/month for 20 years?

Accepted Answer

With SCHD's ~3.5% yield and ~12% dividend growth rate, investing $500/month with DRIP for 20 years could generate approximately $700-1,000/month in dividend income. Try the simulator for exact projections.

Question 4

Is this dividend calculator free?

Accepted Answer

Yes, the Snowball dividend calculator is completely free. No sign-up required. It supports 42 US and Korean dividend stocks including SCHD, JEPI, JEPQ, and more.

Question 5

Can I achieve FIRE with dividends alone?

Accepted Answer

Yes, with sufficient time and consistent investment with dividend reinvestment, you can reach a point where dividends cover your living expenses. Use our simulator to predict your FIRE date.

When can you
retire on dividends?

Free Dividend Calculator

Popular Scenarios

SCHD — $500/mo for 20 years

JEPQ — $500/mo, monthly dividends

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