Reference no: EM13877978
Age:21
Year Until retirement: 42
Years in retirement: 28
inflation assumption: 3.6%
Return during savings:12.0%
Return during retirement: 5.0%
annual raises:3.5%
current income: 63,000
income in 22 years: ____ assuming 3.5% raises year over year
current retirement savings: 0
annual contribution to retirement: 6300
first half of years to retirement: 6000
second half of years to retirement: 0
1. How much will the client be able to withdraw each year of retirement, if the client wants to leave an amount equal to 20% of the starting amount of the retirement account on day retires (so 20% of $6,075,465), to heirs upon his death which he assumes will be the last day of his projected retirement (so this will be a lump sum at the end)? (PLEASE SHOW FINANCIAL CALCULATOR INPUTS!!!)
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: How much will the client be able to withdraw each year of retirement, if the client wants to leave an amount equal to 20% of the starting amount of the retirement account on day retires (so 20% of $6,075,465), to heirs upon his death which he assumes..
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