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Toy and kristy Reynolds (both currently age 56) have determined that they will require retiremen income equal to 593,000 in today's dollars, based on their
Toy and kristy Reynolds (both currently age 56) have determined that they will require retiremen income equal to 593,000 in today's dollars, based on their current income. They plan to retire in eight years and wish to assume an after-tax return on their investments, prior to retirement, of eight percent, They plan to readjust their assets after retirement and believe that their net return will drop to six perent Troy's parents are both in their late eighties, and Kristy's parents are in their seventies. Troy and Kraty assume that retirement will last for 30 years, and that inflation will average two percent. 6. The Reynolds modified their thinking and would like to know how much they need to save eachyed to fund retirement including a few changes. For purposes of this calculation, assume they hart retirament savings of $900,000 (from the sale of a few assets), they want to retire at age 52 , they will live until age 95 , and they will plan on not receiving an inheritance. They also believe that they ain live off of $86,000 instead of $93,000, annually in today's dollars. Social Security benefits are the sme as described above. Toy and kristy Reynolds (both currently age 56) have determined that they will require retiremen income equal to 593,000 in today's dollars, based on their current income. They plan to retire in eight years and wish to assume an after-tax return on their investments, prior to retirement, of eight percent, They plan to readjust their assets after retirement and believe that their net return will drop to six perent Troy's parents are both in their late eighties, and Kristy's parents are in their seventies. Troy and Kraty assume that retirement will last for 30 years, and that inflation will average two percent. 6. The Reynolds modified their thinking and would like to know how much they need to save eachyed to fund retirement including a few changes. For purposes of this calculation, assume they hart retirament savings of $900,000 (from the sale of a few assets), they want to retire at age 52 , they will live until age 95 , and they will plan on not receiving an inheritance. They also believe that they ain live off of $86,000 instead of $93,000, annually in today's dollars. Social Security benefits are the sme as described above
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