This study assessed the water supply stability for Boryeong multipurpose dam by applying future dry climate change scenarios and Soil and Water Assessment Tool (SWAT). CMCC-CM, INM-CM4, and IPSL-CM5A-MR RCP 4.5 and 8.5 scenarios were selected as the future dry conditions using Runs theory and Standardized Precipitation Index (SPI). For historical (1980–1999), present (2000–2019), and future periods (2030s, 2050s, 2070s, and 2090s) of the 6 scenarios, SWAT model was used to simulate the future dam water supply stability. The stability was evaluated in terms of reliability (RT), resilience (RS), and vulnerability (V) based on the monthly target storage. The results showed that the future RT can be decreased to 0.803 in 2050s IPSL-CM5A-MR RCP 8.5 scenario from present 0.955. The future RS and V showed the minimum value of 0.003 and the biggest value of 3567.6 × 106 m3 in 2070s IPSL-CM5A-MR RCP 4.5 scenario. The future RT, RS, and V showed that the dam has low resilience and is vulnerable to future drought scenarios.