How much will your client have on day he$/$she retires?

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How much will client be able to withdraw each year of retirement if he$/$she wants equal payments every year and wants to leave nothing to heirs?

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Using the assumed rate of inflation, what is the annual amount drawn the first year, $($solution b$)$ worth today?

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Comment on your client's ability to live on this amount in retirement.

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How much will client be able to withdraw each year of retirement, if client wants to leave an amount equal to $20\%$ of starting amount on day retires $($so $20\%$ of part a$),$ to heirs upon his death which he assumes will be the last day of his projected retirement?

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Now create a worst case scenario for your client. You are now half way to saving for retirement:

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Assume the returns for the first half of the savings period are $2\%$ less than assumed above,

and the client only put away half of what was assumed.

How much will the client have to now save per year to save to the original amount found in part a$,$ assuming the rate goes back to the assumed return during savings?

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If your client states that saving the amount calculated in part e is much too high an amount to save, comment what else your client could do$.$

$$nt could do$.$