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Retirement account after you retire

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Reference no: EM132376339

You are planning your retirement in 15 years. You plan to retire with $3,000,000 and your retirement account earns 4.8% compounded monthly. After you retire, you plan on withdrawing $15,000 per month from your account until you have nothing left. How many years can you live off your retirement account after you retire?

Reference no: EM132376339

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