Your aunt is turning 65 today and she is looking forward to her retirement.

She reviewed her retirement savings account and found that she currently has $1,000,000.

Your aunt believes that she would be able to live to 85 years old.

She will be withdrawing from her retirement account on a monthly basis, starting a month from today, with her last withdrawal on her 85th birthday.

Assuming your aunt will earn a yearly nominal interest rate of 3% compounded monthly, and she will be withdrawing the same amount each month, how much can be withdrawn every month?