Mike retires at age 63 with a portfolio valued at $2,125,400. He wishes to assume his portfolio will return, on average, 6%. Furthermore, inflation is expected to increase each year at 3%. Beginning today, Mike wishes to withdraw $110,000/year in today's dollars, adjusted for inflation. If all the above factors hold true, how many years can Mike anticipate his portfolio to last?

Group of answer choices

28.8 years

19.3 years

27.6 years

24.5 years