You have $15,000 in your retirement fund that is earning percent per year, compounded quarterlyHow many dollars in withdrawals per month would reduce this nest egg to zero in 20 years? (Use Exhibit 18-16)

Exhibit 18-16 Dipping into your nest egg Dipping into savings isn't wrong, however, you must do so with caution You Can Reduce Your Nest Egg to Zero by Withdrawing This Much Each Month for the Starting Stated Number of Years Amount of Nest 10 15 20 25 30 Egg Years Years Years Years Years Or You Can Withdraw This Much Each Month and Leave Your Nest Egg Intact $ 107 $10,000 $ 81 $ 68 $ 61 $ 46 $ 56 15,000 69 161 121 84 102 91 92 215 162 121 112 136 20,000 25,000 115 269 202 140 152 170 204 322 138 243 182 168 30,000 40,000 184 430 323 272 224 243 230 537 50,000 404 340 304 281 364 337 276 60,000 645 485 408 368 859 647 544 449 80,000 486 460 561 100,000 607 1,074 808 680 Note: Based on an interest rate of 5.5 percent per year, compounded quarterly Source: Select Committee on Aging US House of Representatives