Question
. Suppose that we want to have a yearly income of $50,000 in retirement. We expect to live 25 years in retirement and our inflation-adjusted
. Suppose that we want to have a yearly income of $50,000 in retirement. We expect to live 25 years in retirement and our inflation-adjusted rate of return on our safe investment is 3%. How much money do we need to have saved in order to have this consistent income? What are some issues that we could have that would cause our estimates to deviate in a way that is harmful for us?
| N | I/Y | PV | PMT | FV |
| 25 | 3% |
|
|
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Risk Management And Financial Institution
Authors: John C. Hull
2nd Edition
0136102956, 9780136102953
