You retire at the age of 54 and expect to live to the age of 86. On the day you retire, you have $325,000 in your retirement savings account. Annually, you expect to earn 6.50% during your retirement years. How much can you withdraw from the savings account at the end of each month if you die on the day you spend your last penny? $1,874 $1,924 $1,973 $2,022 $2,072