Do retirement calculators assume you will exhaust everything during your lifetime

Do retirement calculators assume you will exhaust everything during your lifetime Good day, I am sorry if this is stupid or apparent, but I can't seem to find an answer. Do most retirement calculators assume that you will expend all your savings, assets and investments as you age? Or do they assume you will just live off the interest?
submitted by /u/Pooeypinetree

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