The first year after you retire you want to be able to withdraw $100,000 from your savings account. Every year after that you want to increase your withdrawals by 2%. You expect that the account will earn 6% annual interest. How much money must you have in your savings account when you retire to make sure that your money lasts for 30 years?

$9,830,323.97

$1,376,483.12

$2,239,645.56

$1,711,558.99

None of the Above