You are planning to save for retirement over the next 30 years. To do this, you will invest $1,000 a month in a stock account and $700 a month in a bond account. The return of the stock account is expected to be 11 percent, and the bond account will pay 6 percent. When you retire, you will combine your money into an account with a 8 percent return.

Required:

How much can you withdraw each month from your account assuming a 25-year withdrawal period?(Do not round your intermediate calculations.)

rev: 09_17_2012

$27,072.85

$27,614.3

$26,531.39

$1,019,667.06

$324,874.14