Question : Today, you retiring. You have a total of $413,926 in : 6318
Today, you are retiring. You have a total of $413,926 in your retirement savings and have the funds invested at 4.2 percent, compounded monthly. You want to withdraw $2,500 at the beginning of every month, starting today. You also want the withdrawals to stop when your account balance declines to $100,000. For how many years can you make withdrawals?