Jamie is currently 36 years old, and plans to retire at 59. - Current wages: $95,000...

 

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Jamie is currently 36 years old, and plans to retire at 59. - Current wages: $95,000 WRR: 70% - Anticipated Social Security: $24,000 Answer for Step 1: What is the annual amount Jamie will need (in today's dollars)? -Anticipated Inflation: 3% Answer for Step 2: What are Jamie's first year needs for retirement? Retirement Life Expectancy: 26 years Anticipated Inflation: 3% Anticipated Returns: 8.5% Answer for Step 3: How much will Jamie need at retirement age? Answer for Step 4: How much will Jamie need to save annually until retirement? Jamie is currently 36 years old, and plans to retire at 59. - Current wages: $95,000 WRR: 70% - Anticipated Social Security: $24,000 Answer for Step 1: What is the annual amount Jamie will need (in today's dollars)? -Anticipated Inflation: 3% Answer for Step 2: What are Jamie's first year needs for retirement? Retirement Life Expectancy: 26 years Anticipated Inflation: 3% Anticipated Returns: 8.5% Answer for Step 3: How much will Jamie need at retirement age? Answer for Step 4: How much will Jamie need to save annually until retirement?

Answer rating: 100% (QA)

Step 1 Annual amount needed in todays dollars Current wages 95000 Target replacement rate WRR 7... View the full answer