Estimated annual expenses after retirements

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Reference no: EM131608984

Mr Heffernan will have retirement savings of $794,262.35 upon retirement. If Mr. Heffernan can actually stick to his financial plan, how long could his retirement savings afford for his living. Assuming that his estimated annual expenses after retirements is $48000, and that his retirement savings are going to be saved in a bank accounts that earns 2%.

Reference no: EM131608984

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