App 7m: Pension fund’s view — Required wealth for constant pension payments
Yearly spending
Amount / year
12,000
Rates
Interest rate r
3.00%
Inflation rate i
1.00%
Conversion rate β (nominal)
0.0500
Mortality (Gompertz–Makeham)
Pension starting age x
65
Accidental death λ
0.0000
Modal age m
82.3
Dispersion b
11.4
Compute
■
Required wealth — nominal yearly spending
■
Required wealth — real yearly spending
■
Required wealth — nominal periodic using β
Expected remaining lifetime (years):
—
Fair conversion rate (real):
—
Waiting…