You are planning for retirement. You just turned 50 years old and have $2 million saved for retirement. Starting from today, you expect to save $50,000 each year through age 70. You also expect to get a $2 million inheritance at age 60. 4% Interest rate.

You plan to draw down your savings in equal annual installments between age 71 and 90. You would also like to leave $2 million to your child as an inheritance at age 90. How much can you withdraw each year?