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Question 5 You just turned 25. You plan to stay in the workforce for 40 years and then retire (at age 65). You will be retired for 20 years (up to age 85). You estimate that when you retire, you will need $8,832,16 per month (month-end) to maintain your quality of life until the end of your retirement. You assume the following interest rate expectations for the next few years: 9.6771% nominal capitalized quarterly for the next 20 years; 11.046% nominal capitalized semi-annually for the next 20 years and finally 8.7311% nominal capitalized annually for the 20 years of retirement. Calculate how much you will need to save (and invest) at the end of each month to reach your retirement goal. Question 5 You just turned 25. You plan to stay in the workforce for 40 years and then retire (at age 65). You will be retired for 20 years (up to age 85). You estimate that when you retire, you will need $8,832,16 per month (month-end) to maintain your quality of life until the end of your retirement. You assume the following interest rate expectations for the next few years: 9.6771% nominal capitalized quarterly for the next 20 years; 11.046% nominal capitalized semi-annually for the next 20 years and finally 8.7311% nominal capitalized annually for the 20 years of retirement. Calculate how much you will need to save (and invest) at the end of each month to reach your retirement goal

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