Assume you start investing for your retirement by opening a Roth IRA and depositing money into a mutual fund on a yearly basis. These deposits consist of $3,000 per year and are in the form of a 40-year annuity due. Assume this fund earns 11% per year over these 40 years. How much money will be in your retirement account the day you retire? When you retire in year 40 you move your IRA nest egg into a safer account earning 5% per year. Assume you wish to withdraw an equal annual amount for 25 years as an ordinary annuity until all the money is gone. How much can you withdrawal every year?