asked 30.7k views
2 votes
You want to leave $500,000 to charity after you die. you have $1,500,000 at retirement and a life expectancy of 20 years. if you can earn 5% per year, how much can you withdraw each year for 20 years and still have $500,000 left to give to charity when you die?

1 Answer

3 votes
You can withdraw $100,000.
answered
User Chad Miller
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