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Rebekah has decided that they would like to spend $64,000 per year in retirement. Their latest Social Security statement estimates that their benefit will
"Rebekah has decided that they would like to spend $64,000 per year in retirement. Their latest Social Security statement estimates that their benefit will be $26,000 per year. If they expect to be retired for 36 years, and their investments will continue to earn 7.3% in retirement, what is their target retirement account balance?" Question 4 6 pts "Maggie is trying to decide if they can afford to retire now. They currently have $1,263,000 in their retirement account that is expected to continue to earn 4.3% each year. They would like their retirement account to not run out of money until they are 89 years old years old. If they are currently age 63, how much can they afford to withdraw from their retirement account each month?"
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