I have 10 years to withdraw $210,000 from an inherited IRA. I would like to know how much I would need to take out each year to completely empty the account assuming an annual growth rate of 10% on the remaining principal each year.
I think the solution to this is related to the safe withdrawal rate calculations that most retirees are using, but I can figure out how to adjust it to answer my question.
Any help would be appreciated, and if anymore information is requested, please let me know.
Thanks!
I think the solution to this is related to the safe withdrawal rate calculations that most retirees are using, but I can figure out how to adjust it to answer my question.
Any help would be appreciated, and if anymore information is requested, please let me know.
Thanks!