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How much money will need to sustain a monthly expense of $6,667 and yet still maintain your wealth? I need the whole solution with excel

image text in transcribedHow much money will need to sustain a monthly expense of $6,667 and yet still maintain your wealth?

I need the whole solution with excel sheet please

Y 100% View only 019 1 E F G 2 H 3 $6,667 rent 3000 insurance 500 other expenses 3167 4 4 5 B D (Time value of money) Why are the rich people interested in the financial (market) portfolio return? Let's assume we have NO ADDITIONAL INCOME Nominal spending per year $80,000 Spending (monthly) Tax rate (assume capital gain) Spending growth rate 5% Taxed when you withdraw & spend money Mkt portfolio return (nominal) 10.5% Inflation rate Question: How much initial wealth do we need to do the following? 1. Sustain our spending growth rate 2. Maintain our wealth to beat the historical inflation rate of 3.25%? mk portfolio reference Inflaction rate reference 15% 3.25% 6 7 8 9 TO 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Question - Y 100% View only 019 1 E F G 2 H 3 $6,667 rent 3000 insurance 500 other expenses 3167 4 4 5 B D (Time value of money) Why are the rich people interested in the financial (market) portfolio return? Let's assume we have NO ADDITIONAL INCOME Nominal spending per year $80,000 Spending (monthly) Tax rate (assume capital gain) Spending growth rate 5% Taxed when you withdraw & spend money Mkt portfolio return (nominal) 10.5% Inflation rate Question: How much initial wealth do we need to do the following? 1. Sustain our spending growth rate 2. Maintain our wealth to beat the historical inflation rate of 3.25%? mk portfolio reference Inflaction rate reference 15% 3.25% 6 7 8 9 TO 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29

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