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hokies96 writes:

Formula with answer would help me tremendously as the variables may change.

You may find this formula helpful. It calculates the withdrawal rate (expressed as %) that will exhaust a sum earning a specified return over a specified period.

W = Withdrawal amount (percent)
R = Rate of Return
N = Number of Years


W=R/(1-((1/(R+1))^N))

Regards,
FMO
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