For individuals age 50 and over, the largest permissible yearly IRA contribution is increased by $6,000 $1,000 $5,500 20% of AGI You want to retire at 55 in 30 years. You were able to accumulate $1,250,000. If you were able to average 5% return in retirement and wanted to withdraw $8,000 per month, how long will you'll money last? O 21 years 32 years 16 years 25 years