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Bill is looking to build his wealth and live the Kiwi dream. He has given you ( his financial planner ) the following information: -

Bill is looking to build his wealth and live the Kiwi dream. He has given you (his financial planner) the following information:
-> In his new role he will be earning $65,000 per year.
-> He is 30 years old and plans to retire at 65.
-> Once he retires he will need 80% of his income.
-> He wants to buy his first house in 5 years, which should require a deposit of $200,000.
-> He is also planning to travel every year until he retires, spending todays equivalent $3,000 on each trip.
-> He expects his investment portfolio to earn 10% per annum.
-> General inflation should hover around 4.9%.
-> He currently has $50,000 saved up towards his house purchase.
How much does Bill need to save per year, until he is 65 years old, in order to meet all his goals? ( Please try to do with Present Value Goal Calculator)

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