The polks want to know the amount of required capital that will be needed to have accumulated at retirement to supplement their assumed Social Security to support their retirement goal?
Assume Retirement amount income desired 78,000 a year as adjusted for inflation
Both are 49 years old and want to retire at 65
life expectancy 30 years at retirement
Both collecting Social security at 65 amounts are 2500 a month and 1800 a month in todays dollars
Inflation rate 3 % The risk-free rate is 3.25%, and the Polksâ€™ required rate of return on investments is 8%.
Please include keystrokes for hp 10 b 11+ calculator
Texas calculator is fine