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You have $400,000 saved for retirement. Your account earns 7% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 20 years?
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You have $400,000 saved for retirement. Your account earns 7% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 20 years?

User Zeugor
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Answer:

you would be able to pull out $1,933.33 each month for 20 years if you have $400,000 saved for retirement and it earns 7% interest.

User Dmitriusan
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