Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. attached is rows 1-5 out of 40 rows. trying to acc

Attached is rows 1-5 out of 40 rows. Trying to accomplish the following and if...

90.2K

Verified Solution

Question

Finance

Attached is rows 1-5 out of 40 rows. Trying to accomplish the following and if there is a function in excel that will repopulate all values?:

You need to create a simulation in ExcelYou simulation will need to determine the likelihood of running out of money in retirement for different withdrawal rates.Please see the presentation for additional guidanceYou need to model a retirement portfolio over a 30 year time horizon from age 65 to 95. You need to consider the effect of the withdrawal rate on the likelihood of running out of money before age 95.Once you determine a withdrawal rate (%), consider how much money you need to start with to have the dollar amount of withdrawals you would like to have. Once you have completed this, use the simulation spreadsheet I created (you can access after completing the learning objective survery) to determine how much of your income you should save for retirement if you start at age 25 and retire at age 65. The withdrawal rate needs to be defined as a percentage of your beginning balance since you will presumably need to maintain a certain standard of living.You may ignore taxes and inflation for all these calculations.

image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students