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You are planning to save for retirement over the next 25 years. To do this, you will invest $1,500 a month in a stock account
You are planning to save for retirement over the next 25 years. To do this, you will invest $1,500 a month in a stock account and $1,200 a month in a bond account. The return of the stock account is expected to be 11 percent, and the bond account will pay 7 percent. When you retire, you will combine your money into an account with a return of 9 percent. How much can you withdraw each month from your account assuming a 20-year withdrawal period?
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$30,617.78
$1,232,124.64
$360,209.17
$30,017.43
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