Assume you are a single individual with a starting salary of 80K. Forecast your wages, costs

and savings for the next 40 years, based on a combined effective tax rate of 35% on your

gross wages and that your wages grow by 5% per annum. Assume all costs during your life

are using after tax dollars and that your costs grow by 3% per annum. Assume only after-tax

savings, no 401K/IRA and that your savings grew at a pre-tax rate of 6%.

What is your average annual salary over the course of your working career?

What are your average annual expenses over the course of your working career?

What is your average annual saving rate as a percentage of your average annual net salary?

How much money will you have saved after 10 years, 20 years and 40 years before deducting the cost of major expenditures like a car, home or kids?

How much money will you need in retirement saving as a multiple of your annual

wages?