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If you retire with $600,000 in your account, and you quit, how long can you pull out of the account each month and live off j

$5000
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Answer #1

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

B23 A В c o E F G 4 5 PV Retirement Account Balance PMT Monthly withdrawal APR /Y Monthly interest rate $600,000.00 $5,000.00

Cell reference -

А. B D E F 2 PV PMT 4 Retirement Account Balance Monthly withdrawal APR Monthly interest rate 600000 5000 0.045 =C5/12 6 1/Y

Hope it will help, please do comment if you need any further explanation. Your feedback would be highly appreciated.

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