A woman, with her employer's matching program, contributes $300 at the end of each month to her retirement account, which earns 8% interest, compounded monthly. When she retires after 50 years, she plans to make monthly withdrawls for 32 years. If her account earns 5% interest, compounded monthly, then when she retires, what is her maximum possible monthly withdrawal (without running out of money)?

The maximum possible withdrawal is approximately _______$?

(Simplify your answer. Round to the nearest cent as needed.)