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Suppose you are 40 years old today and you are considering retiring this year. Assume that you are going to live to be exactly 90
Suppose you are 40 years old today and you are considering retiring this year. Assume that you are going to live to be exactly 90 years old and have a lifestyle that costs 100,000 a year, which you wish to maintain after retirement. You dont have any other retirement plan and hence wont have any social security payments after retirement. Suppose you can guarantee a rate of return on your investment of an annual rate of 4%. How many pounds do you need to have today in order to afford the early retirement?
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