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Stacy is 32 years old; plans to retire at 64; expects to live to 88. Stacy wants to draw $3,800 each month (at 5.6% interest)
Stacy is 32 years old; plans to retire at 64; expects to live to 88. Stacy wants to draw $3,800 each month (at 5.6% interest) while retired. At age 72, Stacy wants to use $25,000 to relocate to a new home. How much should Stacy put away each month (at 10.5% interest) from 32 to 64?
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