Yes. Both you and m13 are correct. See below. Wow! 110 years old
! I think i dont even live beyond 75. Lets say I am Mr Lim and I
die at 75, i would be able to pass $41K to my family members. If
there is no refund from the annuities, this money $41K goes to
someone else.
End of year capital Reinvested at 4%
Age Year Begin Withdraw End
55 0 $37,000 $0 $37,000
56 1 $38,480 $0 $38,480
57 2 $40,019 $0 $40,019
58 3 $41,620 $0 $41,620
59 4 $43,285 $0 $43,285
60 5 $45,016 $0 $45,016
61 6 $46,817 $0 $46,817
62 1 $48,689 ($2,196) $46,493
63 2 $48,353 ($2,196) $46,157
64 3 $48,004 ($2,196) $45,808
65 4 $47,640 ($2,196) $45,444
66 5 $47,262 ($2,196) $45,066
67 6 $46,868 ($2,196) $44,672
68 7 $46,459 ($2,196) $44,263
69 8 $46,034 ($2,196) $43,838
70 9 $45,591 ($2,196) $43,395
71 10 $45,131 ($2,196) $42,935
72 11 $44,652 ($2,196) $42,456
73 12 $44,155 ($2,196) $41,959
74 13 $43,637 ($2,196) $41,441
75 14 $43,099 ($2,196) $40,903
76 15 $42,539 ($2,196) $40,343
77 16 $41,956 ($2,196) $39,760
78 17 $41,351 ($2,196) $39,155
79 18 $40,721 ($2,196) $38,525
80 19 $40,066 ($2,196) $37,870
81 20 $39,385 ($2,196) $37,189
82 21 $38,676 ($2,196) $36,480
83 22 $37,939 ($2,196) $35,743
84 23 $37,173 ($2,196) $34,977
85 24 $36,376 ($2,196) $34,180
86 25 $35,548 ($2,196) $33,352
87 26 $34,686 ($2,196) $32,490
88 27 $33,789 ($2,196) $31,593
89 28 $32,857 ($2,195) $30,662
90 29 $31,888 ($2,194) $29,694
91 30 $30,882 ($2,193) $28,689
92 31 $29,837 ($2,192) $27,645
93 32 $28,750 ($2,191) $26,559
94 33 $27,622 ($2,190) $25,432
95 34 $26,449 ($2,189) $24,260
96 35 $25,231 ($2,18
$23,043
97 36 $23,964 ($2,187) $21,777
98 37 $22,648 ($2,186) $20,462
99 38 $21,281 ($2,185) $19,096
100 39 $19,860 ($2,184) $17,676
101 40 $18,383 ($2,183) $16,200
102 41 $16,848 ($2,182) $14,666
103 42 $15,252 ($2,181) $13,071
104 43 $13,594 ($2,180) $11,414
105 44 $11,871 ($2,179) $9,692
106 45 $10,079 ($2,17
$7,901
107 46 $8,217 ($2,177) $6,040
108 47 $6,282 ($2,176) $4,106
109 48 $4,270 ($2,175) $2,095
110 49 $2,179 ($2,174) $5
111 50 $5 ($2,173) ($2,16
