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Plan for retirement

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Reference no: EM133238699

Jada is 55 years old and is wants to plan for her retirement. She wants to know how much she should have accumulated by the time she wants to retire, assuming:

1. She earns $100,000

2. She wants to assume a 70% WRR with $20,000 of Social Security at age 65

3. Retirement begins in 10 years

4. Retirement will last 30 years

5. Investment returns of 8%

6. Inflation of 3%

7. She wants to leave a bequest of $1 million (future dollars) to her favorite charity upon death

Reference no: EM133238699

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