A manager retired at age 65, and has her retirement savings of $650,000 invested in a mutual fund composed of 30% treasury bonds and 70% stocks. She needs $65,000 per year for living expenses, in addition to her social security benefit. How long will her investment last if there is no inflation?

A manager retired at age 65, and has her retirement savings of $650,000 invested in a mutual fund composed of 30% treasury bonds and 70% stocks. She needs $65,000 per year for living expenses, in addition to her social security benefit. How long will her investment last if there is no inflation?

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter14: Planning For Retirement

Section: Chapter Questions

Problem 2FPE

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