The average return on your investments

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Reference no: EM131509310

If you contribution the maximum currently allowable in a 401(k) plan per year at the end of each year (only your contribution, ignoring employer contributions), with the limits increasing by an inflation rate of 3.5% per year, how much will you be able to withdraw per month for 30 years if you retire 35 years from now? Assume you are 25 years old now, the average return on your investments will be 9.5% before retirement, and the average return on your investments will be 6% during retirement.

Reference no: EM131509310

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