09 May You Are 40 Years Old And Plan To Retire In Exactly 20 Years. Starting 21 Years From …
You are 40 years old and plan to retire in exactly 20 years. starting 21 years from now you will need to withdraw $5,000 per year from your retirement fund to supplement your social security payment. if you expect to live to age eighty-five how much should you place in the retirement fund each year for the next 20 years to reach your retirement goal, assuming you can earn 12% per year on your retirement fund investment?
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