Question

sandra is planning for her retirement. She is 35 years old and expects to retire in 40 years from now. She expects to live for another 25 years after retirement. Her current anneal expenditures are 54,000 and she expects them to increase at a rate of 3%per year, the rate of inflation, until she retires

Upon retiring, her expenditures will be equal to her consumption expenditure at 75. Sandra belives that she can accumulate 2m$ by the time she retires. What would be the amount of money be enough to cover her consumption expenditures during her retirement years ?

Note : After consulting with some expert, in the field, sandra anticipating interest rate to be (5.75,1) during the retirement year

Answer #1

Your sister turned 35 today, and she is planning to save $30,000
per year for retirement, with the first deposit to be made one year
from today. She will invest in a mutual fund that's expected to
provide a return of 7.5% per year. She plans to retire 30 years
from today, when she turns 65, and she expects to live for 25 years
after retirement, to age 90. Under these assumptions, how much can
she spend each year after...

Your sister turned 35 today, and she is planning to save $40,000
per year for retirement, with the first deposit to be made one year
from today. She will invest in a mutual fund that's expected to
provide a return of 7.5% per year. She plans to retire 30 years
from today, when she turns 65, and she expects to live for 25 years
after retirement, to age 90. Under these assumptions, how much can
she spend each year after...

Marcia Stubern is planning for her golden years. She will retire
in 20 years, at which time she plants to begin withdrawing $50,000
annually to pay for living expenses. He is expected to live for 30
years following her retirement. Her financial advisor thinks she
can earn 7% annually before retirement and 10% after his
retirement. How much does he need to invest at the end of each
quarter to prepare for his fnancial needs after retirement.

Your father is 50 years old and will retire in 10 years. He
expects to live for 25 years after he retires, until he is 85. He
wants a fixed retirement income that has the same purchasing power
at the time he retires as $40,000 has today. (The real value of his
retirement income will decline annually after he retires.) His
retirement income will begin the day he retires, 10 years from
today, at which time he will receive 24...

our father is 50 years old and will retire in 10 years. He
expects to live for 25 years after he retires, until he is 85. He
wants a fixed retirement income that has the same purchasing power
at the time he retires as $60,000 has today. (The real value of his
retirement income will decline annually after he retires.) His
retirement income will begin the day he retires, 10 years
from today, at which time he will receive 24...

Your father is 50 years old and will retire in 10 years. He
expects to live for 25 years after he retires, until he is 85. He
wants a fixed retirement income that has the same purchasing power
at the time he retires as $40,000 has today. (The real value of his
retirement income will decline annually after he retires.) His
retirement income will begin the day he retires, 10 years from
today, at which time he will receive 24...

Your father is 50 years old and will retire in 10 years. He
expects to live for 25 years after he retires, until he is 85. He
wants a fixed retirement income that has the same purchasing power
at the time he retires as $45,000 has today. (The real value of his
retirement income will decline annually after he retires.) His
retirement income will begin the day he retires, 10 years
from today, at which time he will receive 24...

Your father is 50 years old and will retire in 10 years. He
expects to live for 25 years after he retires, until he is 85. He
wants a fixed retirement income that has the same purchasing power
at the time he retires as $60,000 has today. (The real value of his
retirement income will decline annually after he retires.) His
retirement income will begin the day he retires, 10 years from
today, at which time he will receive 24...

Ashley turned 30 today, and she is planning to save $3,000 per year
for retirement, with the first deposit to be made one year from
today. She will invest in a mutual fund, which she expects to
provide a return of 8.20% per year throughout her lifetime. She
plans to retire 35 years from today, when she turns 65, and she
expects to live for 30 years after retirement, to age 95. Under
these assumptions, how much can she spend...

Jane would like to retire on $15,000 per month with the
first retirement check on the day she retires. She expects to live
for 30 years after retirement. If her investment account earns 9%,
how much must she have in the account on the day she retires to
fund this retirement? (could you please show formulas)
a. 5,400,000
b. 407,004
c. 2,180,000
d. 1,878,210
e. 1,864,228

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 7 minutes ago

asked 8 minutes ago

asked 17 minutes ago

asked 18 minutes ago

asked 21 minutes ago

asked 29 minutes ago

asked 31 minutes ago

asked 38 minutes ago

asked 38 minutes ago

asked 38 minutes ago

asked 39 minutes ago

asked 44 minutes ago