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Assumptions Salary: $ 110,000 Match: 3% Expected Return: 7% Years: 35 Question Part One #1 If you save 15% of your salary each year, how

Assumptions
Salary: $ 110,000
Match: 3%
Expected Return: 7%
Years: 35
Question Part One
#1 If you save 15% of your salary each year, how much money would you have when you turn 65, assuming you earn a 7% annual return on your investments?
Annual Savings
Total Amount at age 65
#2 During retirement, your return drops to 5% annually as you decide to invest more conservatively to protect your principal. How much could you spend each year and not have your money run out before age 95?

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