You have $100,000 in your retirement fund that is earning 5.5 percent per year, compounded quarterly. How many dollars in withdrawals per month would reduce this nest egg to zero in 30 years? (Use Exhibit 18-16 Withdrawal rate Or You Can Withdraw This Much Each Month and Leave Your Nest Egg Intact $ 46 Exhibit 18-16 Dipping into your nest egg Dipping into savings isn't wrong; however, you must do so with caution. Starting You Can Reduce Your Nest Egg to Zero by Amount of Withdrawing This Much Each Month for the Stated Nest Egg Number of Years 10 15 20 25 30 Years Years Years Years Years $10,000 $ 107 S 81 $ 68 $ 61 S 56 15.000 121 102 91 84 20.000 215 136 121 25.000 269 202 170 152 140 30.000 322 243 204 182 168 40.000 430 323 272 243 224 50,000 537 304 60,000 645 485 408 364 337 161 69 162 112 92 115 138 184 230 404 340 281 276 80.000 859 647 544 486 449 368 100,000 1.074 SOS 680 607 561 460 Note: Based on an interest rate of 5.5 percent per year, compounded quarterly Source: Select Committee on Aging, U.S. House of Representatives