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At retirement, an investor plans to withdraw $40,000 per year. The investor assumes that he/she can earn an average 6% return over the 25 years
At retirement, an investor plans to withdraw $40,000 per year. The investor assumes that he/she can earn an average 6% return over the 25 years they expect to make withdrawals. How much must this investor have accumulated in order to achieve their objective of withdrawing $40,000 per year? What if the investor wants to withdraw $3,600 per month?
Must answer using an excel spreadsheet
thank you so much i will upvote!
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