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You are trying to calcubate how much money you should hove at retirement. On your 55 th birthday you will retire and immediately miake your
You are trying to calcubate how much money you should hove at retirement. On your 55 th birthday you will retire and immediately miake your first withdraws of $4,615.39. You plan to make 26 such withdrawait each year. You plan to continue withdrawing at that level and frequency until you ste 90 years old. (Astume beginaing of period whthdrawals with the first withdrawal on your tetirement dote and no withdrawal on your final berthday.) During retirement, rour savings wil eam only 3.5 per onnum. How much do you have to have saved at retirement to fund these planned withdrawaln
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