Starting in 1929:
January 1 December 31
4.5%
Year Nest Egg Withdrawal Nest Egg Earnings Nest Egg Year Net After Tax
1 $1,000,000 $45,000 $955,000 ($139,812) $815,188 1 $31,500 -14.64%
2 $815,188 $36,683 $778,505 ($222,574) $555,930 2 $25,678 -28.59%
3 $555,930 $25,017 $530,913 ($236,150) $294,763 3 $17,512 -44.48%
4 $294,763 $13,264 $281,499 ($26,461) $255,038 4 $9,285 -9.40%
5 $255,038 $11,477 $243,561 $140,608 $384,169 5 $8,034 57.73%
6 $384,169 $17,288 $366,881 $15,519 $382,400 6 $12,101 4.23%
7 $382,400 $17,208 $365,192 $163,131 $528,324 7 $12,046 44.67%
8 $528,324 $23,775 $504,549 $164,231 $668,780 8 $16,642 32.55%
9 $668,780 $30,095 $638,685 ($221,113) $417,572 9 $21,067 -34.62%
10 $417,572 $18,791 $398,781 $112,337 $511,118 10 $13,154 28.17%
11 $511,118 $23,000 $488,118 $9,567 $497,685 11 $16,100 1.96%
12 $497,685 $22,396 $475,289 ($35,362) $439,928 12 $15,677 -7.44%
13 $439,928 $19,797 $420,131 ($40,459) $379,672 13 $13,858 -9.63%
14 $379,672 $17,085 $362,587 $58,413 $421,000 14 $11,960 16.11%
15 $421,000 $18,945 $402,055 $113,339 $515,394 15 $13,261 28.19%
16 $515,394 $23,193 $492,201 $105,380 $597,582 16 $16,235 21.41%
17 $597,582 $26,891 $570,691 $219,259 $789,950 17 $18,824 38.42%
18 $789,950 $35,548 $754,402 ($44,661) $709,741 18 $24,883 -5.92%
19 $709,741 $31,938 $677,803 $22,910 $700,713 19 $22,357 3.38%
20 $700,713 $31,532 $669,181 $15,525 $684,706 20 $22,072 2.32%
21 $684,706 $30,812 $653,894 $132,479 $786,373 21 $21,568 20.26%
22 $786,373 $35,387 $750,986 $222,893 $973,879 22 $24,771 29.68%
23 $973,879 $43,825 $930,054 $194,102 $1,124,157 23 $30,677 20.87%
24 $1,124,157 $50,587 $1,073,570 $142,892 $1,216,462 24 $35,411 13.31%
25 $1,216,462 $54,741 $1,161,721 $3,834 $1,165,555 25 $38,319 0.33%
26 $1,165,555 $52,450 $1,113,105 $559,446 $1,672,551 26 $36,715 50.26%
27 $1,672,551 $75,265 $1,597,286 $404,113 $2,001,400 27 $52,685 25.30%
28 $2,001,400 $90,063 $1,911,337 $162,081 $2,073,418 28 $63,044 8.48%
29 $2,073,418 $93,304 $1,980,114 ($205,536) $1,774,578 29 $65,313 -10.38%
30 $1,774,578 $79,856 $1,694,722 $759,744 $2,454,466 30 $55,899 44.83%