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Returning to the original retirement plan (30 years, $300 per month, 10% per year), suppose you plan to withdraw $3,000 per month from the fund
- Returning to the original retirement plan (30 years, $300 per month, 10% per year), suppose you plan to withdraw $3,000 per month from the fund upon retirement. Most people tend to be relatively risk-averse at the time of their retirement. Suppose you move your retirement fund into low-risk investments that you only expect to earn 3% per year. For how many months can you withdraw $3,000 before the funds run out?
392 months
132 months
Forever
333 months
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