Bob is retiring at 65 and is currently 30 he needs 60000 a, Ask an Expert

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Bob is retiring at 65 and is currently 30. He needs $60,000 a year for 20 years which he translates to $1,200,000 in his retirement account. He did not account for inflation at 2%. How much does he need to save to have the same purchasing power or constant real dollars as his retirement goals?

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Financial Management, Finance

Category:- Financial Management
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