Path Dependence - Sequence Risk and Safe Withdrawal Rates

This is an Excel and VBA example of the 'Perfect Withdrawal Rate (PWR) method as per Suarez, E.D., Suarez, A. and Walz D.T., (2015).

'Based on the Paper Developing a Measure of Sequence Risk by Andrew Clare et al - 'The Perfect Withdrawal Amount: A Methodology for Creating Retirement Account Distribution Strategies, Trinity University Working Paper