Tuesday, 24 June 2014

Pre-retirement salary

What if instead of saving for someone else, you expect to live until you are 90 years old at which point you plan to have no money left at all. If you can earn 5% per year, how much must you have saved up at 60 to earn a 70% of your pre-retirement salary in interest each year until you are 90?

No comments:

Post a Comment