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Your client wants to spend $250,000 during each year in retirement. The cilent wants the money to last for 30 years. The client plans to
Your client wants to spend $250,000 during each year in retirement. The cilent wants the money to last for 30 years. The client plans to invest $25.000 a year for 35 years while working. The client expects all investments to eam at least 6.80% a year over the 65 years. Will your client reach the goal of being able to spend $250,000 a year during retirement? Yes: the client will have exactly the right amount Yes; the client will have about $143,151 more than needed in the retirement account. No; the retirement account will short about $143,151 (the client will need that much more in the retirement account to reach the goal) No; the cliont account will be short about 5655,338 (the client will need about that much more in the retirement account to reach the retrement poil)
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