Jeff is 60 now and has one million euros in the bank. According to demographic estimates in his country, his life expectancy is 82 years but he is healthy so he is sure to live another ten more years after that. He decides to retire now and live off his savings, for which he can get 5% annual returns. What level of annual income can he expect to receive in order to support himself until he dies?
You want to retire 30 years from now with 5 million euros in your pocket. Your Personal Finance professor recommends to you an infallible financial product that will accumulate profits of 15% each year. How much per year do you have to invest in this product to reach your goal?
Jack is 35 years old and is planning to retire at age 65. Based on a variety of factors, he is planning a retirement of 20 years. Jack determines that he will need $20,000 during his 20 years of retirement. If he can invest at 9 percent, how much will he need to save each year beginning today to reach his goal?
A retirement plan promises to pay an annual salary of 50,000€, indexed to inflation up to 2%, and to invest the remaining funds at 6% annually, during 20 years. To provide for the initial funds how much would you have to save?