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6 Agnes is 40 years old. She wants to know how much she should be saving each year for retirement Below are the specifics 0

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6 Agnes is 40 years old. She wants to know how much she should be saving each year for retirement Below are the specifics 0 She wants to retire at 60 and expects to live until she's 90 . She currently makes 545000 and expects that to increase each year with inflation (24 She thinks she will need about 70% of that to live on in retirement She has $40.000 in an RRSP . Her investments are earning a real rate of 7% When she retires she will move her investments into a more conservative portfolio and earn per year . She expects that CPP will be about 515,000 per year 3 1104 How much will she have to save each year to make up the difference? (Note you will need to have completed the first two parts of this problem to do this one) bo . P Numeris Nuad > O R 6 Agnes is 40 years old. She wants to know how much she should be saving each year for retirement Below are the specifics 0 She wants to retire at 60 and expects to live until she's 90 . She currently makes 545000 and expects that to increase each year with inflation (24 She thinks she will need about 70% of that to live on in retirement She has $40.000 in an RRSP . Her investments are earning a real rate of 7% When she retires she will move her investments into a more conservative portfolio and earn per year . She expects that CPP will be about 515,000 per year 3 1104 How much will she have to save each year to make up the difference? (Note you will need to have completed the first two parts of this problem to do this one) bo . P Numeris Nuad > O R

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