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You are planning to save for retirement over the next 2 5 years. To do this, you will invest $ 1 , 3 0 0

You are planning to save for retirement over the next 25 years. To do this, you will invest $1,300 a month in a stock account and $1,000 a month in a bond account. The return of the stock account is expected to be 8 percent, and the bond account will pay 5 percent. When you retire, you will combine your money into an account with a return of 7 percent. How much can you withdraw each month from your account assuming a 20-year withdrawal period?

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