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Suppose you want to retire in 30 years. When you retire you will need $75,000.00 per year to spend. You expect to live for 20
Suppose you want to retire in 30 years. When you retire you will need $75,000.00 per year to spend. You expect to live for 20 years in retirement. At the end of 20 years, you want to leave $1,000,000.00 to your grandchildren. If you can earn 8.00% interest while working and 3.00% while retired, how much do you need to save per year to meet your retirement needs?
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