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Withdrawing From a Retirement Account

Jason -

This model simulates the process of withdrawing funds from a retirement savings account from the point of retirement until the funds are exausted. In this model, the amount saved is $400,000 and is still growing at an average 5% interest rate but no additional contributions are being made. Withdrawals start at $30,000 on the first year of retirement and then each subsequent year, increases the withdrawal amount to coincide with cost of living adjustments. This model calculates the number of years the money will last and shows the time history of the fund amount.

Experience Level:

Novice

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Tags:

  • Finance
  • fund
  • retirement
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