Annually to live comfortably while retired

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Reference no: EM131010158

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%?

Reference no: EM131010158

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