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Calculating Annuity

You are 35 and you want to retire in 30 years and be able to withdraw $50,000 for each year in retirement. You expect to live to the age of 85. How much do you need to invest at 9.5% each year?

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How to set up and solve this problem
You are 35 and you want to retire in 30 years and be able to withdraw $50,000 for each year in retirement. You expect to live to the age of 85. How much do you need to invest at 9.5% each year?

How to set up and solve this problem
You are 35 and you want to retire ...

$2.19