Question: Based on your estimates, you'll need $ 42500 per year to cover your expenses after you retire this month. You expect your expenses to increase

Based on your estimates, you'll need $ 42500 per year to

Based on your estimates, you'll need $ 42500 per year to cover your expenses after you retire this month. You expect your expenses to increase with inflation at 4 percent per year, and you hope to live 30 years after retiring. How much retirement wealth do you need to have now if you'll invest your funds to earn 5 percent per year? $ 924995 $ 1209603 $ 1060592 $ 1034011

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