How much do you need to save per year into your investment


You are going to retire 25 years from now and plan to live for another 25 years. You can earn 8% on your investments for the next 50 years. You just deposited $10,000 into the investment account. You want to be able to spend $100,000 per year when you retire (for simplicity assume that it is spent at the end of each year). How much do you need to save per year into your investment account at the end of each year for the next 25 years?

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Financial Management: How much do you need to save per year into your investment
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