You are planning your retirement in 10 years. You currently have $150,000 in a stock account. You plan to add $10,000 per year at the end of each of the next 10 years to the stock account. The account will earn a return of 7.4%. When you retire, you plan to withdraw an equal amount at the end of each year of the next 20 years and have nothing left. Additionally, when you retire you will transfer your money to an account that earns 6%. How much can you withdraw each year during your retirement?

You are planning your retirement in 10 years. You currently have $150,000 in a stock account. You plan to add $10,000 per year at the end of each of the next 10 years to the stock account. The account will earn a return of 7.4%. When you retire, you plan to withdraw an equal amount at the end of each year of the next 20 years and have nothing left. Additionally, when you retire you will transfer your money to an account that earns 6%. How much can you withdraw each year during your retirement?

$185,917.44

$14,428.02

$38,979.65

$12,154.04