Question: Name: Band: CW# 2 : F . I.R . E Movement Calculations Directions: Show all relevant work for each problem. Evan and Michelle want to

Name:
Band:
CW#2: F.I.R.E Movement Calculations
Directions: Show all relevant work for each problem.
Evan and Michelle want to retire early and estimate their yearly expenses to be $37,850. How much money do they need to save to retire based on the 4% rule?
Sophia has $892,450 saved for retirement. According to the 4% rule, how much can she withdraw annually?
David plans to retire early and estimates his yearly expenses to be $48,725. How much money does he need to save to follow the 4% withdrawal rule?
Nathan has calculated that he needs $2,870 per month to cover his living expenses in retirement. How much does he need to save to follow the 4% withdrawal rule?
Jayda wants to reach Barista Fire. She will continue to work part time to make $1,000 a month during "retirement." If she needs $3,000 total to cover living expenses a month, what is her FIRE goal?
Lucas wants to reach Barista F.I.R.E. He will continue to work part-time to earn $800 a month during "retirement." If he needs $2,500 in total to cover his monthly living expenses, what is his FIRE goal?
Name: Band: CW#2: F.I.R.E Movement Calculations Directions: Show all relevant work

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