Time Value of Money Calculations Summary Sheet: Name Your Current Age 30 Your Desired Age of Retirement
Question:
Time Value of Money Calculations Summary Sheet:
Name
Your Current Age 30
Your Desired Age of Retirement 60 Life Expectancy 95
Annual Retirement Income Desired (in Today’s Dollars) $40,000 Number of Years Until Retirement
Length of Retirement (in Years)
ASSUMPTIONS:
Zero current savings, no tax implications, 1% Management Fee, 2% inflation rate
Use BALANCED GROWTH rate of return % from Investor Profile for calculations. Calculate NRR and RRR
Asset Allocation (%) Nominal Rate of Return After Fees (%)
Canadian Equities U.S. Equities Foreign Developed Equities Emerging Market Equities Fixed Income Securities Real Rate of Return After Fees (%)
Inflation Rate (%)
NRR= RRR=
Calculate the future value of the income requirement given the expected inflation rate?
MODE P/Y C/Y N I/Y PV PMT FV
BGN
Calculate (PV) savings required on the first day of retirement to fund annual retirement income with monthly interest compounding the Real rate of return.?
MODE P/Y C/Y N I/Y PV PMT FV
BGN
Calculate monthly savings required to fund retirement goal where compounding is monthly if the nominal rate of return?
MODE P/Y C/Y N I/Y PV FV PMT
BGN
You need to save per month to reach your retirement goal.