You want to retire in 30 years and be able to withdraw $90,000 per year...
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You want to retire in 30 years and be able to withdraw $90,000 per year (in today's dollars) from a retirement fund. Assume 3% inflation. You plan to be retired for 20 years. Assuming you can earn 12% on your investment before retirement and 7% on your investments during retirement, how much will you need to save per month in order to be able to fund this retirement?
Please explain step by step with excel. Thank you.
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