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Lisa is 5 8 years old and would like to retire at the age of 6 3 . Based on her retirement plan, she assumes

Lisa is 58 years old and would like to retire at the age of 63. Based on her retirement plan, she assumes she will have $1.5 million in her 401(k) account at that time, which will earn interest at a rate of 6% anhually. To supplement her monthly pension and social security checks, she plans to withdraw $7,000 every month from her 401(k) plan. How long will her 401(k) last from the date of her retirement, if her assumptions are all correct? (Round to the nearest year)
None of these are correct
Her fund will last 18 years.
Her fund will last 36 years.
Her fund will last forever and never run out of money
Her fund will last 19 years.
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