After hours of negotiation, Joes employers agree to make regular deposits of $54,000 at the beginning of each year into a pensions fund that earns 5.9% per annum interest rate, towards his retirement in 30 years. He plans spending the rest of his life in the Bahamas after retiring until death, and would like to make yearly withdrawals of $X from his pension fund at the beginning of each year during the retirement period. How much can he withdraw each year to use up the fund after retirement?