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    Calculating Annuity

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    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

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