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Required Annuity Payments Father's current age Number of years until retirement Number of years living in retirement 10 25 1st retirement payment, same purchasing power today as Inflation rate Current savings at t = 0 Percentage return earned $35,000 6.00% $25,000 4.00% Step 1. Calculate retirement payments, beginning at t = 10 Fixed retirement payments Formulas #N/A Step 2. Calculate the value of current savings at t = 10 Value of current savings, 10 years from today #N/A Step 3. Calculate the value of the annuity due of retirement payments at t = 10 Value of annuity due #N/A Step 4. Calculate the net amount that must be accumulated att = 10 to receive desired retirement payments Net amount needed in 10 years #N/A Step 5. Calculate the value of annual deposit needed to meet desired retirement goal Value of annual deposit to meet retirement goal #N/A
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