You Retire at Age 60 and Expect to Live Another

You retire at age 60 and expect to live another 27 years. On the day you retire, you have $464,900 in your retirement savings account. You are conservative and expect to earn 4.5% on your money
During your retirement. How much can you withdraw from your retirement savings each month if
You plan to die on the day you spend your last penny?

A) $2,001.96
B) $2,092.05
C) $2,398.17
D) $2,472.00
E) $2,481.27