Future value needed in first year of retirement

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Reference no: EM132071408

You will lead a retirement life from 65 to 90.

Number of years in retirement = 25 years

Total capital needed for retirement = $1,875,000 (based on the assumption of $75,000 per year to cover expenses)

You are now 22 years, the number of years for retirement = 43 years

Present value of money that you will need for retirement = $153,055.54 2. (an assumption that the interest rate is 6%)

Include assumptions for your future pension (give info on how calculated such as SURS website, etc.).

Question: Subtract future pension flow from the Future Value needed in first year of retirement.

Reference no: EM132071408

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