Retirement income from a defined contribution accumulation

Converts a defined contribution accumulation to annual annuity-due income.

Usage

Income_dc(AVz, adue_z)

Arguments

AVz

Accumulated value at retirement.

adue_z

Whole life annuity-due factor at retirement age.

Value

Annual retirement income.

Examples

Income_dc(AVz = 824211.35, adue_z = 12)
#> [1] 68684.28