Question: A. Retirement Date - 1/1/50 B. Expected Death - 1/1/85 C. Middle of Retirement - Sunday, July 3rd, 2067 D. Money needed to spend per

A. Retirement Date - 1/1/50

B. Expected Death - 1/1/85

C. Middle of Retirement - Sunday, July 3rd, 2067

D. Money needed to spend per month $3000

G. Months you will save for retirement = 362

MONTHS UP UNTIL C = 150 MONTHS

Q/E. Using an average inflation rate of 4% per year, what is the amount needed at the time of "C" in order to buy the same amount as in part "D"?

Q/F. Whats the Present value of your retirement income using a 7% growth rate increase? (Include $1,250 per month in Social Security).

Q/H. Using G, F and 7%. how much must you save per month in order to meet your retirement goal?

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