You have $500,000 saved for retirement. Your account earns 10% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years?

Suppose you want to have $600,000 for retirement in 25 years. Your account earns 10% interest. How much would you need to deposit in the account each month?

2.

You want to retire on the day you have $900,000 in your savings account. You expect to earn 6 percent, compounded monthly, on your money during your retirement. Your plan is to withdraw $5,750 a month as retirement income from this account. How many years can you be retired until you run out of money? A) 24.75 B) 24.91 C) 25.20 D) 25.50 (Please try to explain by using a Financial Calculator)

You currently have $4,395.00 in a retirement Savings account that earns an annual return of 8.02%. You want to retire in 46.0 years with 1,000,000. How much more do you need to Save at the end of every year to reach your retirement goal?

Suppose you want to have $400,000 for retirement in 10 years. Your account earns 9% interest. Feel free to use the Online Basic Financial Calculator a) How much would you need to deposit in the account each month? S b) How much interest will you earn? S

if you have $100 in a savings account and the interest rate is 10% per year and you never withdraw or deposit money, how much will you have in the account after:  one year, two years

You want to be able to withdraw $30,000 each year for 15 years. Your account earns 6% interest. How much do you need in your account at the beginning?

You decide to save $9300 by making annual deposits for 5 years into an account that pays 7% compounded annually. Once the payments stop, you plan to leave the money in the account for an additional 2 years. What size deposits do you need to make?

You are 30 years old today. You want to retire at the age of 55. You expect to live until age 90. You would like to have a monthly income of $9,000 per month in retirement. How much do you have to save per month during your working years in order to achieve your retirement goal? Assume end of period payments. Assume an annual interest rate of 3.5% in retirement and 5% during your working life. How much do you have to save per month during your working years in order to achieve your retirement goal? $ (Round to the nearest cent.)