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Your retirement is 20 years away and you are interested in saving for your retirement. You...

  1. Your retirement is 20 years away and you are interested in saving for your retirement. You expect another fifteen years to live after retirement. You think you will need 60,000 dollars every year to live post retirement. You have to estimate how much you should save annually if
    1. You expect a rate of return of 8% for the next 35 years, and
    2. You expect to earn 9% for the next 20 years. At retirement you put your money in an investment that gives you a 4.5% return.
    3. Discuss the two options and recommend which one is a better option.

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jeff jeffy answered 1 year ago
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