How much can you withdraw each month


Your retirement strategy is to invest 500 per month in an equity mutual fund and 200 per month in a bond fund. Your retirement date is 30 years from now. The expected return on the stock fund is expected to be 8% and the expected return on the bond fund is expected to be 3%. When you retire, you will combine your money into an account with an expected 5% return. How much can you withdraw each month from your account assuming a 25 year withdrawal period?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: How much can you withdraw each month
Reference No:- TGS0723735

Expected delivery within 24 Hours