Richard Gorman is 65 years old and about to retire. He has $ 786,000 saved to supplement his pension and Social Security and would like to withdraw it in equal annual dollar amounts so that nothing is left after years. How much does he have to withdraw each 13 year if he earns 8 percent on his money?

If he earns 8 percent on his money, the amount he will have to withdraw each year is $ nothing. (Round to the nearest cent.)