This is an interesting retirement calculator. I have included it because it may help you devise a way to build your own retirement plan.
This calculator calculates the withdrawal amount -- which increases each period and hopefully offsets the effects of inflation. However, if you have a variable rate, your withdrawal amount in any given period may actually decrease.
- You have $420,000 that you've invested in a mutual fund. You plan to take quarterly withdrawals, and noticed it's been regularly earning about 5% interest per year. The withdrawal is paid at the end of each quarter and you would like to make the withdrawals for 20 years (80 quarters).
On the calculator you will enter:
- 420,000 for Beginning Balance
- 5 for Interest Rate (compounded annually)
- 20 for Years and select Quarterly for when the withdrawals are made.
- Press the View Schedule button to get a full schedule.
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