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You are planning to save for retirement over the next 15 years. To do this, you will invest $700 a month in a stock account

You are planning to save for retirement over the next 15 years. To do this, you will invest $700 a month in a stock account and $400 a month in a bond account. The return of the stock account is expected to be 8 percent APR compounded monthly, and the bond account will pay 5 percent APR compounded monthly. When you retire, you will combine your money into an account with a return of 6 percent.

How much can you withdraw each month from your account assuming a 20-year withdrawal period?

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