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Min has decided that she would like to spend $42,000 per year in retirement. If she expects to be retired for 35 years, and her

  1. "Min has decided that she would like to spend $42,000 per year in retirement. If she expects to be retired for 35 years, and her investments will continue to earn 5.9% in retirement, how much does she have to have accumulated before she can retire?"
  2. "Adrian has $635,000 currently saved for retirement. If she starts saving an additional $1,370 per month and her account earns 10.7% per year on average and she needs $1,588,000 in order to retire, how many years will it take before she can retire?"
  3. "Carl has decided that he would like to spend $36,000 per year in retirement. If he is eligible to receive $16,000 per year from Social Security, he expects to be retired for 21 years, and his investments will continue to earn 10.3% in retirement, how much does he have to have accumulated before he can retire?"
  4. "Janus retires at age 65 with $1,639,000 in her retirement account. If her acccount continues to earn an average of 4.3% each year, and she expects to live until she is 87 years old, how much can she withdraw from her retirement account each month?"

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