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On the day you retire, you have $389,900 in your retirement savings. You expect to earn 4.5 percent, compounded monthly, and live 24 more years.

On the day you retire, you have $389,900 in your retirement savings. You expect to earn 4.5 percent, compounded monthly, and live 24 more years. How much can you withdraw from your savings each month during your retirement if you plan to die on the day you spend your last penny

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