How do I withdraw a percentage of an account each year?
Where to find it: AUTOMATIC SAVINGS and WITHDRAWALS → Add Saving or Withdrawal → Percent of balance
Add an entry in AUTOMATIC SAVINGS and WITHDRAWALS, select the account and choose Percent of balance. Enter a negative percentage for withdrawals, then set the recipient and date range.
For example, -4 requests a withdrawal based on 4% of the account’s balance in each applicable year. This mode is calculated annually at year-end within the selected period; it is not a fixed dollar amount that only changes for inflation. The amount and indexing fields are ignored in this mode.
TIME MACHINE still applies the account’s available funds and restrictions. Review the detailed report because mandatory withdrawals and cash-flow adjustments can make the final net account movement different from the percentage instruction.