A Systematic Withdrawal Plan (SWP) is a facility extended to investors allowing them to withdraw a fixed amount from a mutual fund scheme regularly. Investors can choose how much money they want to withdraw and how often they want to withdraw it, i.e., the frequency, which is often monthly. After setting up an SWP, the fund house will redeem the required units from the mutual fund holdings and credit the amount in the investors bank account. SWPs are typically used in retirement and allow for pre-planned cash flows generated by investments as income. Mutual funds typically allow an investor to determine a systematic withdrawal plan that includes interval payouts monthly, quarterly, semi-annually, or annually. SWPs can be started from an existing accumulated investment and can be continued as long as there are balance units in the scheme. SWPs are useful for those who want a regular income stream from their investments and are most often used by retirees for retirement income generated from investments accumulated in retirement accounts like IRAs or 401(k) plans or through annuitizing assets.