A Systematic Withdrawal Plan (SWP) is a method by which individuals can withdraw a predetermined fixed amount of money, usually monthly, from their savings, such as mutual funds. The SWP is similar to an income or pension and is ideal for those who need a steady cash flow, including retirees. It is extremely flexible, allowing individuals to increase or decrease the amount as needed. One can invest in mutual funds and then attach a withdrawal plan to their savings. This plan is tax-advantaged.