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Suppose you manage to have saved $1700000 by the time you retire in a 401k or Traditional IRA (where the withdrawals are taxed). You want
Suppose you manage to have saved $1700000 by the time you retire in a 401k or Traditional IRA (where the withdrawals are taxed). You want to have $8000 after taxes each month for living expenses. Your average tax rate is 22% and the annual return for your retirement investments is expected to be 3% per year. How long will your retirement savings last in months given these numbers? Round to the nearest whole number of months
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