You plan to retire in 10 years. At the point of retirement, you want to be able to withdraw $100,396 and then withdraw $74,581 at the end of each year forever. Assume that you earn a 6.3% rate of return and do not want to make any further contributions to your retirement fund, how much do you need today?

Answer rating: 100% (QA)

To calculate how much you need to have today for your retirement fund we can use the concept of pres... View the full answer