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You are planning to save for retirement over the next 30 years. To do this, you will invest $700/month in a stock account and $300/month
You are planning to save for retirement over the next 30 years. To do this, you will invest $700/month in a stock account and $300/month in a bond account. The return of the stock account is expected to be 8%, and the bond account will pay 4%. When you retire, you will combine your money into an account with an 3% return. How much can you withdraw each month from your account assuming a 25 year withdrawal period?
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