points Save Alw You have just retired with savings of $8 million. If you expect to live for 53 years and to earn 14% a year on your savings, how much can you afford to spend each year (in 5 dollars)? 5 (Assume that you spend the money at the start of each year) You have just retired with savings of $8 million. If you expect to live for 53 years and to earn 14% a year on your savings, how much can you afford to spend each year (in s dollars)? $ (Assume that you spend the money at the start of each year)