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Suppose you are helping your client plan for her retirement. She has 20 years till...

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Finance

Suppose you are helping your client plan for her retirement. She has 20 years till retirement, and she says she want to have $80,000 constant annual income during her retirement. Once retired, she wants to prepare for 25 years in retirement. Assume that the investments in her retirement account earn an expected return of 10% until her retirement, after which the return would decrease to 6%. If her current account balance is $20,000, how much should she save monthly to have enough for her retirement goal? Any advice you can offer, beyond the calculation?

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