What if I wanted to pull $15k from interest-bearing accounts each year?
What would the balance need to be to do this? And retain the original balance?
This is a similar Q posed by people who early retire, and live off of interest. Except, I’m not inquiring about bigger amounts like $90k/annually.
I’m sorry I can’t find a calculator for this.
Maybe the most simple interest calculator would do? I feel like there’s a factor in there I can’t figure out ..