App 9: Yearly savings required to finance given yearly spending (both in real terms)
Yearly (real) spending
Spending per year
4000
Time horizon for savings (years)
Years
25
Time horizon for spending (years)
Years
20
Rates
Interest rate
3.00%
Inflation rate
1.00%
Compute
Yearly spending (real):
—
Required yearly savings (real):
—
Yearly (real) savings while working
Yearly (real) spending during retirement
Required future wealth at end of savings phase (real) to finance (real) yearly spending during retirement:
—
Waiting…