Investment Plan for John
John plans to purchase a house in Florida right after his retirement. He wants to receive $10,000
monthly for 20 years. The house price is $400,000. John can deposit $10,000 annually into his
investment account. His risk tolerance allows for taking some risk until retirement, but after
retirement, he aims to withdraw $5,000 monthly from his account. The target annual return for his
post-retirement period is 5%