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How much will need to save every month to fund

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Simon (age 25) and Paige (age 28) would like to retire when Paige turns 65. They expect they will need $40,000 in after-tax income (in today's dollars) at the beginning of every year in retirement.

  • They are comfortable investing in a portfolio that is aligned with their investor profile (shown below) and expect to pay investment management fees of 1.075% per year.

Problem 1: How much will they need to save every month to fund their retirement needs if they do not currently have any investments earmarked for retirement?

Reference no: EM132962662

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