Project #4662 - Finance Retirement Plan

Hey! So I have an assignment for my class, it is a Retirement Plan assignment. I am not sure I have done it right and need help to confirm I got my calculations right. Please Help!

Retirement Age = 68 (My age is 23 so in 45 years I will retire)

Standard Living Salary = $90,000

Projected Inflation = 3%

Years until I retire = 45 years



Now the following below are the ones I need to have and confirm my answers (?):

Standard Living in Retirement (Future Value of current standard of living using your forecasted inflation rate) = ?



Projected Retirement Earnings = 8%


Required Living Sum at Retirement (Perpetuity) = ?


Expected Earnings in retirement fund (5% 8% 12%) = ?



Payment Calculations (Years 1-10 = 1000)
(Years 11-20 = 2000)
(Years 21-30 = 3000)
(Years 31-40 = 4000)
(Years 41-50 = 5000)



*I understand if this does not make sense or is clear, but I hope someone can understand this

Subject Mathematics
Due By (Pacific Time) 04/20/2013 11:59 pm
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