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Suppose you would like to be able to withdraw $350,000 per year for the 30 years you are retired. How much do you need to
Suppose you would like to be able to withdraw $350,000 per year for the 30 years you are retired. How much do you need to save for the 45 years you are working to reach this goal? Assume that you can earn 3% on your investments during your retirement and 8.5% in the years you are saving. Also, assume begin saving in year 1 and dont make your first withdraw until year 46.
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