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After retirement, you expect to live for 2 5 years. You would like to have $ 2 4 0 , 0 0 0 income each

After retirement, you expect to live for 25 years. You would like to have $240,000 income each year. In addition, you like to have $1,000,000 at the end of the 25 years as the buffer. How much should you have saved in the retirement to receive these goals, if the interest is 4% per year (assume that the payments start one year after the retirement)?
Group of answer choices
$4,349,299.19
$4,799,532.79
$4,543,790.26
$4,124,415.99

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