FIN 360 – You are planning for her golden years You will retire in 30 years

Subject: Business    / Finance
Question
You are planning for her golden years. You will retire in 30 years, at which time you plan to begin withdrawing $60,000 annually. You expect to live for 25 years following your retirement. Your financial advisor thinks you can earn 8% annually. How much do you need to invest each year to prepare for your financial needs after your retirement?