Question
You plan to retire from American Widgets Incorporated at age 65, and you want to have enough money in your savings account to withdraw $40,000
You plan to retire from American Widgets Incorporated at age 65, and you want to have enough money in your savings account to withdraw $40,000 every year for 20 years after that. If your account earns 8% interest per year, how much do you need in it when you turn 65?
How much do you need in it when you turn 65?
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Property Finance
Authors: Giacomo Morri, Antonio Mazza
1st Edition
1118764404, 978-1118764404
