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Annah is 25 years old and has not started saving for retirement. She expects so retire at age 65 and live until she is 100.
Annah is 25 years old and has not started saving for retirement. She expects so retire at age 65 and live until she is 100. She thinks she will need $80,000 per year in retirement. She is an aggressive investor and expects to earn an annualized rate of return of 9% until retirement, and 6% rate of return while in retirement. Ignore inflation and tax implications. Show all work
How much does Annah need to have in her investment accounts at the age of 65 to die broke at 100? Assume she takes out money on January first of every year
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