You decide to retire when you are 65 years old. You have saved well, and have $1,000,000 in your retirement account. Assuming your retirement account earns 5% per year, how much can you withdraw from your retirement account every year for 25 years so that your account balance will be zero when you turn 90?

a/ $64,443.12

b/ $40,000

c/ $70,952.46

d/ $52,811.29