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1. Using the 4% withdrawal rate and an assumed 2.5% inflation level, complete the Target Withdrawal Rate worksheet to determine how much you will be
1. Using the 4% withdrawal rate and an assumed 2.5% inflation level, complete the Target Withdrawal Rate worksheet to determine how much you will be able to distribute each year during retirement for 30 years.
Amount Saved by Age 65 (from question 1): Inflation Rate: Year in Retirement 2,737,090 2.50% Withdrawal Amount 7 10 12 13 14 15 16 17 18 19 20 21 23 24 25 26 27 28 29 30Step by Step Solution
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