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With no taxes or inflation (Spreadsheet 21.1), what would be your retirement annuity if you Increase the ROR by 1.0%? SPREADSHEET 21.1 The savings plan
With no taxes or inflation (Spreadsheet 21.1), what would be your retirement annuity if you Increase the ROR by 1.0%?
SPREADSHEET 21.1 The savings plan E B 1 Retirement Years Income Growth 2 25 .07 3 Age Income 4 30 50,000 5 31 53,500 9 35 70,128 19 45 137,952 29 55 271,372 39 65 533,829 40 Total 7,445,673 Savings Rate .15 Savings 7,500 8,025 10,519 20,693 40,706 80,074 1,116,851 D ROR .06 Cumulative Savings 7,500 15,975 61,658 308,859 943,477 2,457,518 Retirement Annuity Consumption 42,500 45,475 59,608 117,259 230.666 453,755 192,244 1 2 3 4 Retirement Years Income Growth Savings Rate 25 .07 .15 Age Income Savings 30 50000 =B4 $C$2 31 =B4*(1+$B$2) =B5*$C$2 65 =B38*(1+$B$2) =B39 $C$2 Total ESUM(B4:B39) ESUM(C4:C39) D E ROR .06 Cumulative Savings Consumption =C4 =B4-C4 D4*(1+$D$2)+C5 =B5-C5 =D38*(1+$D$2)+C39 =B39-C39 Retirement Annuity EPMT($D$2,$A$2,-$D$39,0,0) 39 40Step by Step Solution
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