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What is the maximum you would be able to withdraw

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Question - You estimate that you will be able to invest $300 consistently at the end of each month during your working years, which you project will be for 38 years. What is the maximum you would be able to withdraw at the start of each month of retirement?  Assume a retirement period of 25 years and a return of 8% over the entire planning period.

Reference no: EM133051429

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