Quantifying the Retirement Decision -- A Case Study

Summary

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While there are many excellent articles describing retirement investment, strategy, and goals, very few articles show actual amounts necessary to achieve desired results. The following is a study in retirement planning which can be accomplished easily with a financial calculator.

I wish to start by defining a simple strategy. I will first document the amount of income I will need to support the lifestyle I desire when I retire. I will then calculate the amount of investment I will need to create a self-sustaining annuity -- that is, an annuity that will grow with inflation and provide income that will grow with inflation. I will lastly calculate the amount of contribution I need to accomplish my strategy.

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Quantifying the Retirement Decision -- A Case Study

Let's first make some assumptions about my retirement situation. Let's say I am 42 years old, married, currently make $100,000 per year in hous...

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