Retirement to reach this retirement goal

Assignment Help Management Theories

Reference no: EM131062248

You want to retire in 20 years. When you retire you expect to live for another 30 years. During those 30 years you want to be able to withdraw $45,000 at the beginning of each year for living expenses. How much do you have to save at the end of each year until retirement to reach this retirement goal? Assume that you can earn 8% on your investments, including throughout retirement.

Reference no: EM131062248

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