how much should he be saving and saved by the time he retires with a similar lifestyle?
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Question:
how much should he be saving and saved by the time he retires with a similar lifestyle? Show by using the Decision support system(excel)
40 years old men
yearly income of 120000
will retire at 65
current savings for retirement is 100000
work add 11000 per year to his fund for retiring in addition to his 8000 contributions per year
don't worry about taxes or other fee
Inflation rate | 3.8% |
% Replacement | 80% |
Draw Down Rate | 4% |
Saving Premium | 5% |
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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