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Scott accumulated $1,268,000 as his retirement assets. He has determined that he will need $173,000 per year from the retirement assets to handle his living

Scott accumulated $1,268,000 as his retirement assets. He has determined that he will need $173,000 per year from the retirement assets to handle his living needs until he reaches age 70½. Assuming his assets will continue to earn 5.1 percent annually.


What age can Scott afford to retire?

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