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Assume you are 25 and earn 29,000 ​$ per​ year, never expect to receive a​ raise, and plan to retire at age 55. If you invest 5 percent of your salary in a​ 401(k) plan returning 8 percent​ annually, and the company provides a​ $0.50 per​ $1.00 match on your contributions up to 3 percent of​ salary, what is the estimated future value of your​ 401(k) account? Once you​ retire, how much can you withdraw monthly if you want to deplete your account over 30 ​years?  

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