How long will my $1 million last if i withdraw $54,945 per year?
Article Excerpt: "1 million dollars will last 21 years with an Average Investment Return (Before Taxes) of 4%, with a Marginal Tax Bracket of 10%, withdrawing $54,945 per year, with an Inflation Rate of 2% (Trump era data), ...or if you alter the inflation rate to the current 4% under Biden in May of 2023 your money would last 17 years. Use the CreditDonkey Calculator to determine your applicable situation."
Resource: www.creditdonkey.com