Justin Case (Single, age 46) considers himself to be middle class economically, and believes he needs to accumulate $2 million to retire comfortably at age 60. He has a retirement plan showing withdrawals of 6% of his accumulated assets until age 80. All of the statements below are true, except:

None of the choices are true.

Justin should reduce his withdrawal rate so that he does not outlive his money.

Justin needs to accumulate more than $2 million to avoid having difficulty paying for normal living expenses.

Unless Justin is in poor health, he should increase his plan to age 90.

All of the choices are true.

Justin may want to delay retirement because he won't be eligible for Social Security benefits at age 60.