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Compute amount of withdrawal beginning in 35 years.

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I am planning to save 3000 per year and my first deposit will be made next year. I am going to invest in a mutual fund which will return 10% per year. I am going to retire in 35 years and will live live for another 30 years after I retire. My first withdrawal will be in 35 years. How much can I spend each year after I retire?

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The expert computes the amount of withdrawal beginning in 35 years.

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1. First compute the future value of the $3,000 annuity for 35 years ...

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