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You are planning to save for retirement over the next 35 years. To do this, you will invest $759 per month in a stock account
You are planning to save for retirement over the next 35 years. To do this, you will invest $759 per month in a stock account and $215 per month in a bond account. The return of the stock account is expected to be 11 percent, and the bond account will return 7 percent. When you retire, you will combine your money into an account with a return of 8 percent. How much can you withdraw each month from your account assuming a 30-year withdrawal period
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