Unice Update lo keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. 1 Xfx A D Jackson is 30 years old and is concerned about retirement. He wants to know how much he should save on an annual basis at the end of the Iyear, assuming: Earns 45000 100% WRR Retirement begins at 65 Retirement will last 30 years Investment Return 10% Inflation 4% Step 1: Calculate inflation equivalent of earnings needed at age 65 He needs 45000 today, in 35 years 45,000 adjusted for inflation becomes - 45000"(1.4%)^35 Steps on Calculator: PV 45000, N235.1/-4%, PMT-O, Calculate FV Step 3: Calculate savings needed to reach Nest egg FV-2650404.90 I/Y 10% PV O N35 Calculate PMT 177574.0047 5 7 Step 2: Calculate the size of nest egg needed Adjust rate for inflation (1-10%/(14%)-1 * for explanation on inflation adjustment see the next tab Steps on Calculator Pmt=177,574 N-30 1/5.7692% FV-0. Calculate PV 5.7692% 1 2 3 4 5 6 (2,650,404.90) Sheett Nest Egg Saving Capital Preservation + Ready