Retirement Calculations Graphically
Prof. Richard B. Goldstein
Retirement - saving and spending
example
S = Current Salary ($)
C = Current Value of Retirement Savings ($)
r = rate of growth of investments until retirement (%)
g = rate of growth of salary until retirement (%)
n = no. of years until retirement
p = percent of salary saved for retirement (%)
W = Yearly withdrawal when retired ($)
L = Life Expectancy or no. of years needed
i = rate of growth of investments once retired (%)
j = rate of growth of yearly withdrawal (%)
T = Total Amount saved at Retirement
FS = Final salary
X = no. of years $W can be expected to last
[canvas #1]
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