Disposable income upon retirement

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Assuming an average income of $70,000 per year, what is the lump-sum you need at retirement assuming that you will need approximately 80% of your disposable income upon retirement. You will retire in 40 years and you plan on living another 25 years after retirement. You feel you can earn 12%, and you expect a 5% inflation rate over the next 40 years.

Reference no: EM13948609

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