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I need help completing this homework! CHAPTER 3, ACTIVITY 3: RETIREMENT CALCULATOR INPUTS: Current Age Retirement Age Amount Saved So Far Current Income Income Growth

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CHAPTER 3, ACTIVITY 3: RETIREMENT CALCULATOR INPUTS: Current Age Retirement Age Amount Saved So Far Current Income Income Growth Rate Savings Rate APR MAX INCOME PRE-RETIREMENT FV OF SAVINGS 35 67 $200,000 $55,000 3.80% 15.00% 6.00% $181,417.01 $2,473,763.19 RETIREMENT: % of max income required Amount Needed in First Year of Retirement Annual Growth Rate Retirement APR Retirement Years PLANNED LEGACY DONATION RETIREMENT NEED TO COVER YEARLY WITHDRAWALS RETIREMENT NEED TO COVER CHARITABLE DONATION TOTAL RETIREMENT NEED 60% $108,850.21 2.30% 4.00% 25 $500,000 $2,211,983.67 $142,528.97 $2,354,512.64 WILL YOU REACH GOAL? YES % of income DATA TABLE: YES SAVINGS RATE 13.0% 40% YES YES 45% YES YES 50% YES YES 55% YES YES 60% NO NO 65% NO NO 70% NO NO 14.0% 15.0% YES YES YES YES YES NO NO 16.0% YES YES YES YES YES NO NO 17.0% YES YES YES YES YES YES NO 18.0% YES YES YES YES YES YES NO Table to use for grading, students do not need to enter anything here: 13.0% 40% YES 45% YES 50% YES 55% YES 60% NO 65% NO 70% NO 14.0% YES YES YES YES NO NO NO 15.0% YES YES YES YES YES NO NO 16.0% YES YES YES YES YES NO NO 17.0% YES YES YES YES YES YES NO 18.0% YES YES YES YES YES YES NO 6895

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