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Author: phantomdiver Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5069  
Subject: Re: Help with present/future value Date: 9/11/2003 1:59 PM
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$32,000 today stashed somewhere safe (assume 6%?) 

If I wanted to draw $3,000/year how long would the money last?

Depends on how you slice it.
A -- You take $3000 right now and then invest the rest at 6%.  
B -- At this time next year, you take out $3000 and invest the rest at 6%.  Every year at this time, you take out another $3000.
C -- You invest the $32,000 for at year at 6%.  At this time next year, you take out $3000 and invest the rest at 6%.  Every year at this time, you take out another $3000.

          A       B       C
2003    $29,000  $32,000  $32,000
2004    $27,740  $30,740  $30,920
2005    $26,404  $29,404  $29,775
2006    $24,989  $27,989  $28,562
2007    $23,488  $26,488  $27,275
2008    $21,897  $24,897  $25,912
2009    $20,211  $23,211  $24,467
2010    $18,424  $21,424  $22,935
2011    $16,529  $19,529  $21,311
2012    $14,521  $17,521  $19,589
2013    $12,392  $15,392  $17,765
2014    $10,136  $13,136  $15,831
2015     $7,744  $10,744  $13,780
2016     $5,209   $8,209  $11,607
2017     $2,521   $5,521   $9,304
2018      -$328   $2,672   $6,862
2019    -$3,347    -$347   $4,274
2020    -$6,548  -$3,548   $1,530
2021    -$9,941  -$6,941  -$1,378

I can e-mail you the spreadsheet if you want.

phantomdiver
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