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You have $30,000 in your retirement fund that is earning 5.5 percent per year, compounded quarterly. How many dollars in withdrawals per month would reduce

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You have $30,000 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 rato 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 20 25 30 Years Years Egg Years Years Years Or You Can Withdraw This Much Each Month and Leave Your Nest Egg Intact 15 $ 107 $ 46 $ 81 $ 61 $10,000 $ 68 $ 56 91 69 15,000 121 84 161 102 121 112 92 20,000 215 162 136 25,000 269 202 170 152 140 115 138 243 322 204 168 182 30.000 184 224 272 243 40,000 430 323 230 281 404 340 304 537 50.000 408 364 337 276 485 60.000 645 486 449 368 647 544 859 80.000 460 561 808 680 607 1074 100,000 Net Based on retrate 55 percent perympounded quarter Houses ES

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