Payback result: Capital payback: 9 years 10 mo, With top-ups: over 15 years
When will dividends repay your capital? Run the net payback
Set your dividend yield, growth, tax and reinvestment to see how quickly net dividends cover the initial stake and ongoing contributions.
Calculate dividend payback
Amount you invest upfront in dividend stocks.
Funds added every month to increase your share count.
Average annual gross dividend yield for the portfolio.
Can be negative. On a phone use the +/− button.
Default 19% (Belka tax). Set to 0% for IKE/IKZE.
How long you want to track dividends and reinvestment.
Initial capital repaid
9 years 10 mo
Year when cumulative net dividends match the upfront stake.
Including contributions
over 15 years
Net dividends cover the initial stake plus recurring top-ups.
Net dividend (final year)
PLN 18,737
Estimated net payout after tax and dividend growth.
Net yield on cost
7.3%
Effective dividend rate on invested capital.
Cumulative net dividends
PLN 124,823
gross PLN 154,102
Cumulative net dividends versus capital paid in
The vertical line marks the year the starting capital is paid back
- Cumulative net dividends
- Capital paid in
Show chart data
| Year | Cumulative net dividends | Capital paid in |
|---|---|---|
| 1 | PLN 2,106 | PLN 50,000 |
| 2 | PLN 4,704 | PLN 57,200 |
| 3 | PLN 7,852 | PLN 64,400 |
| 4 | PLN 11,616 | PLN 71,600 |
| 5 | PLN 16,072 | PLN 78,800 |
| 6 | PLN 21,302 | PLN 86,000 |
| 7 | PLN 27,405 | PLN 93,200 |
| 8 | PLN 34,489 | PLN 100,400 |
| 9 | PLN 42,679 | PLN 107,600 |
| 10 | PLN 52,120 | PLN 114,800 |
| 11 | PLN 62,976 | PLN 122,000 |
| 12 | PLN 75,437 | PLN 129,200 |
| 13 | PLN 89,722 | PLN 136,400 |
| 14 | PLN 106,086 | PLN 143,600 |
| 15 | PLN 124,823 | PLN 150,800 |
Year-by-year payouts · 15-year outlook
Track gross/net dividends and yield-on-cost progression.
Year 1
- Net dividend
- PLN 2,106
- Yield on cost
- 4.2%
- Cumulative net
- PLN 2,106
More details
- Gross dividend
- PLN 2,600
- Capital contributed
- PLN 50,000
Year 2
- Net dividend
- PLN 2,598
- Yield on cost
- 4.4%
- Cumulative net
- PLN 4,704
More details
- Gross dividend
- PLN 3,207
- Capital contributed
- PLN 57,200
Year 3
- Net dividend
- PLN 3,148
- Yield on cost
- 4.6%
- Cumulative net
- PLN 7,852
More details
- Gross dividend
- PLN 3,887
- Capital contributed
- PLN 64,400
Year 4
- Net dividend
- PLN 3,764
- Yield on cost
- 4.7%
- Cumulative net
- PLN 11,616
More details
- Gross dividend
- PLN 4,647
- Capital contributed
- PLN 71,600
Year 5
- Net dividend
- PLN 4,455
- Yield on cost
- 4.9%
- Cumulative net
- PLN 16,072
More details
- Gross dividend
- PLN 5,500
- Capital contributed
- PLN 78,800
Year 6
- Net dividend
- PLN 5,231
- Yield on cost
- 5.1%
- Cumulative net
- PLN 21,302
More details
- Gross dividend
- PLN 6,458
- Capital contributed
- PLN 86,000
Year 7
- Net dividend
- PLN 6,102
- Yield on cost
- 5.3%
- Cumulative net
- PLN 27,405
More details
- Gross dividend
- PLN 7,534
- Capital contributed
- PLN 93,200
Year 8
- Net dividend
- PLN 7,084
- Yield on cost
- 5.5%
- Cumulative net
- PLN 34,489
More details
- Gross dividend
- PLN 8,745
- Capital contributed
- PLN 100,400
Year 9
- Net dividend
- PLN 8,191
- Yield on cost
- 5.8%
- Cumulative net
- PLN 42,679
More details
- Gross dividend
- PLN 10,112
- Capital contributed
- PLN 107,600
Year 10
- Net dividend
- PLN 9,441
- Yield on cost
- 6.0%
- Cumulative net
- PLN 52,120
More details
- Gross dividend
- PLN 11,655
- Capital contributed
- PLN 114,800
- Showing 10 of 15
| Year | Net dividend | Yield on cost | Cumulative net | Gross dividend | Capital contributed |
|---|---|---|---|---|---|
| 1 | PLN 2,106 | 4.2% | PLN 2,106 | PLN 2,600 | PLN 50,000 |
| 2 | PLN 2,598 | 4.4% | PLN 4,704 | PLN 3,207 | PLN 57,200 |
| 3 | PLN 3,148 | 4.6% | PLN 7,852 | PLN 3,887 | PLN 64,400 |
| 4 | PLN 3,764 | 4.7% | PLN 11,616 | PLN 4,647 | PLN 71,600 |
| 5 | PLN 4,455 | 4.9% | PLN 16,072 | PLN 5,500 | PLN 78,800 |
| 6 | PLN 5,231 | 5.1% | PLN 21,302 | PLN 6,458 | PLN 86,000 |
| 7 | PLN 6,102 | 5.3% | PLN 27,405 | PLN 7,534 | PLN 93,200 |
| 8 | PLN 7,084 | 5.5% | PLN 34,489 | PLN 8,745 | PLN 100,400 |
| 9 | PLN 8,191 | 5.8% | PLN 42,679 | PLN 10,112 | PLN 107,600 |
| 10 | PLN 9,441 | 6.0% | PLN 52,120 | PLN 11,655 | PLN 114,800 |
| 11 | PLN 10,856 | 6.2% | PLN 62,976 | PLN 13,402 | PLN 122,000 |
| 12 | PLN 12,461 | 6.5% | PLN 75,437 | PLN 15,384 | PLN 129,200 |
| 13 | PLN 14,285 | 6.7% | PLN 89,722 | PLN 17,636 | PLN 136,400 |
| 14 | PLN 16,364 | 7.0% | PLN 106,086 | PLN 20,202 | PLN 143,600 |
| 15 | PLN 18,737 | 7.3% | PLN 124,823 | PLN 23,132 | PLN 150,800 |
How to read the results?Net payback shows when post-tax dividends equal your contributions. Yield on cost illustrates how quickly the effective payout rate rises versus invested capital.
Conservative inputs
For stable companies assume 3–6% dividend growth; leave higher values for optimistic scenarios.
Tax sheltering
Set tax to 0% for IKE/IKZE to see the impact of avoiding the Belka tax.
Reinvest vs cash out
Toggle reinvestment to compare the DRIP path with taking cashflows for expenses.
Quick takeaways
Higher dividend growth speeds payback
A steady payout CAGR compounds yield on cost.
Belka tax slows reinvestment
Set tax to 0% for IKE/IKZE to accelerate capital recovery.
DRIP builds the trajectory
Adding net dividends to capital boosts the base for future payouts.
How to calibrate assumptions?
- Use conservative dividend growth (3–6% annually) for mature companies.
- Diversify by sector — model an average yield for the whole portfolio.
- Add monthly DCA to see how regular cash boosts payback speed.