Income Needed During Retirement

$75,000

Number of Years in Retirement

25 years

Number of Year Before Retirement

30 years

Rate of Return During Retirement

5%

Rate of Return Before Retirement

7%

Inflation Before and During Retirement

3%

1.What is the total amount of funds needed when entering retirement to ensure that principal is not liquidated and it maintains purchasing power.

2.How much must be saved per year and per month (both ordinary annuity and annuity due) to reach the new future value that ensures the principal value is not depleted.