You are planning to save for retirement over the next 25 years. To do this, you will invest $1,100 a month in a stock account and $800 a month in a bond account. The return of the stock account is expected to be 10 percent, and the bond account will pay 5 percent. When you retire, you will combine your money into an account with a return of 8 percent. How much can you withdraw each month from your account assuming a 15-year withdrawal period?
$18,870.72
$18,130.69
$18,500.7
$665,204.61
$222,008.44