(Answered) Nancy wants to receive 200000 a year from her ira when she

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Nancy wants to receive $200,000 a year from her IRA when she retires in 20years. She wants to receive the money forever as she does not know how long she will live. She expects she can earn 4% interest on her investments during retirement. Nancy plans to invest $20,000 a year while working over the next 20 years before she retires. She expects she can earn 6% interest per year in her IRA while she is working.

Can Nancy achieve her retirement goal of $200,000 per year?

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