Question 1202512

you would need to have 373,617.17 in your account at the beginnong of the 25 year retirement period.


you would need to deposit 8164.36 at the end of each year for 20 years prior to the start of your retirement period.


i used the calculator at <a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a> to get both these results.


here are the results.


<img src = "http://theo.x10hosting.com/2023/052911.jpg">


<img src = "http://theo.x10hosting.com/2023/052912.jpg">



in the first analysis, you set the withdrawal to be 35000 at the end of each year for 25 years.


that analysis tells you that you would need 373,617.17 at the beginning of the 25 year retirement period.


in the secnd analysis, you set the future value to be 373,617.17 at the end of the 20 year investment period.


that analysis tells you that you would need to invest 8,164.36 at the end of each year until you retire.


the assumption is that you will start withdrawing one year after you make your last yearly investment.


the interest rate is 8% per year during the 20 year investment period and during the 25 year withdrawal period.