You have reached retirement age and the balance in your retirement account is$2,500,000.To be safe, you reinvest this money into an account which pays a fixed return of 4% per year. You want to plan for this retirement savings to last 25 years.

How much can you withdraw each year from your retirement fund?

Round your answer to the nearest dollar,but do not round the value of the interest rate per compounding period to make your calculation.