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Annoying Real Life Math Problem
Mar. 1st, 2007 07:09 pmGiven:
a) You should save at least 10% of your income for retirement and
b) To be sure of not outlasting your money, you should withdraw no more than 4% per year and
c) some simplifying assumptions,
Conclude:
You need to save for 40 years.
a) You should save at least 10% of your income for retirement and
b) To be sure of not outlasting your money, you should withdraw no more than 4% per year and
c) some simplifying assumptions,
Conclude:
You need to save for 40 years.