The Jacksons want to know the amount of required capital that will be needed to have accumulated at retirement to supplement their assumed Social Security to support their retirement goal?

Assume Retirement amount income desired 78,000 a year as adjusted for inflation

Both are 49 years old and want to retire at 65

life expectancy 30 years at retirement

Both collecting Social security at 65 amounts are 2500 a month and 1800 a month in today's dollars

Inflation rate 3 % The risk-free rate is 3.25%, and Jackson’s required rate of return on investments is 8%.

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Texas calculator is fine?

Answer rating: 100% (QA)

Total Monthly Social Security Income in todays dollars 2500 1800 ... View the full answer