Casing removal operations may utilize an analytical model to the estimate the total force to (1) break bonding between a cut casing and the annular materials contained between the cut casing and the surrounding borehole and (2) pull the cut casing upward through the borehole while taking into account frictional forces inside and outside the cut casing, shear forces, and the like. Such models may further predict the casing overpull and total tension needed to extract the cut casing from the borehole. Using these models in conjunction with the specifications of the casing retrieval equipment may allow for determining the cutting depth for producing the cut casing with higher accuracy than previously available.