RETIREMENT DATA FOR PART 1 - QUESTIONS 1-7 Income Needed During Retirement $75,000 Number of Years in
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Question:
RETIREMENT DATA FOR PART 1 - QUESTIONS 1-7
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 provide their needed retirement income (in today's dollars)? [10 points]
2.What is the total amount of funds needed upon entering retirement (in tomorrow's dollars)? [10 points]
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