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Question: You believe you will need $150,000 annually to live comfortably while retired.
Question: You believe you will need $150,000 annually to live comfortably while retired. You plan on retiring when you are 65 and will begin withdrawing funds from your retirement account on your 66th birthday. If you expect to need 25 years of retirement income how much money will you need in at retirement (when you are 65) to meet this goal assuming the fair interest rate is 7%?
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Question: To live comfortably, you decide that you will need $1.75 million dollars by the time you are 65. If today is your 35th birthday, and you decide, starting next year and on every birthday up to and including your 65th birthday, you will invest the same amount how much must you invest annually? Again the fair interest rate is 7% annually.
