Pat Retires at Age 58 and Expects to Live to Age

Pat retires at age 58 and expects to live to age 90. On the day she retires, she has $287,409 in her retirement savings account. She is conservative and expects to earn 5.25% on her money during her retirement years. How much can she withdraw from her retirement savings each month if she plans to die on the day she spends her last penny?

A) $1,359.79
B) $1,364.18
C) $1,540.01
D) $1,546.75
E) $1,702.11