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You are 62 and you wish to retire. Your retirement account totals $500,000. What percentage should you be able to withdraw from your account for

You are 62 and you wish to retire. Your retirement account totals $500,000. What percentage should you be able to withdraw from your account for perpetuity. What is the dollar amount?

Given the information above if you decide to wait until 70 to retire. The expected return is 9%, based on the rule of 72 what dollar amount will you be able to withdraw from your account for perpetuity?

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