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1 - Shalini decides to accumulate Rs . 5 0 lakhs when she retires. She is 3 0 years old and wishes to retire at

1-Shalini decides to accumulate Rs.50 lakhs when she retires. She is 30 years old and wishes to
retire at 55. Interest rate is 9%p.a. and Inflation is 5%p.a. If she could save 45000 p.a. for the first
10 years, how much does she need to save for the next 15 years to meet her retirement nest egg.
2- Sheetal received inheritance of Rs.2,50,000, wants to withdraw equal amounts each year for the
next 7 years at 10% p.a. compounded monthly. What amount she should start withdrawing per
month?
3- Alok is 40 years old to retire at 65. Life expectancy is 75 years. He will require Rs.15,000 in first
month after retirement. Inflation is 4%p.a.; rate of return is 7% p.a. What is the corpus required
to meet the expenses after retirement? Will the corpus be enough to meet his requirement if he
saves up to Rs.30,000 p.a.?
4- Dhoni wants to retire at 45 and he wants to maintain his present standard of living. He spends
325000 a year. He is expected to live up to 85. Inflation 4% expected return 7% pa. How can he
achieve this? He is at present 30 yr. What is the nest egg required at age 45 and what amount
shall he save every year to meet this plan? His present investment is Rs.10,00,000.

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