Question 1046724
 I'm 43 yrs. old and I would like to retire at 70 yrs. old.
 I have 27 yrs. left before I retire. I would like to have $ 2500 monthly for expenses for 30Yrs.
  Find how much you need for a 2500 a month income for 30 yrs at 3%
You would need about $593,000
  Find out the monthly payment to accumulate this amt in 27 yrs at 3%
You would need to pay  $1,190 a month for 27 yrs
:
  And suppose I find an account that earns interest at 4% interest instead.
 How does that change my monthly payments when I plan to retire at age 70.
  2500 a month for 30 yrs at 4% requires $530,000
the monthly payment to accumulate this amt in 27 yrs, $911 a month
:
Here is an annuity web site where you can calculate the payout using various rates and time periods: http://www.annuitycalc.org/
:
To calculate your savings goal: http://financialmentor.com/calculator/savings-account-calculator