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Calculating Annuities You are planning to save for retirement over the next 30 years. To do this, you will invest $750 per month in a stock account and $250 per month in a bond account. The return of the stock account is expected to be 11% per year, and the bond account will earn 6% per year. When you retire, you will combine your money into an account with an annual return of 8%. How much can you withdraw each month from account assuming a 25-year withdrawal period?
The future value of the annuity from the stock account$ 750 is invested per month. In one year $ 9,000 is invested in stock accountFVA = $ 9000 [(1+0.11)30 -1] / 0.11FVA = $ 1,791,187.90…
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