"How much money do you need to retire if you expect to spend 2500 per month starting at age 67?"
This is not as easy a question to answer as it may seem, because there are 3 somewhat fixed variables and several intangible ones:
(1) How long will the monthly funding be needed for (i.e., how long do you plan on living?).
(2) What is the rate of return the invested funds are assumed to earn?
(3) Do you want any money left at the end of the run (i.e., for your estate), or will it be depleted to a zero balance?
(4) What is your risk tolerance?
This is important because it directly impacts the answer to #2 above. The more 'guaranteed' the money, the lower the rate of return, and the more one will need to generate $2,500 per month.
(5) What is the time between now and retirement age?
It sounds like there is a period of time between now and age 67 for the person writing this question
All that said, here are two calculations made with the following assumptions:
Age 67, will live to age 100 (33 years).
Needs $2,500 per month during this time.
Assume a 6% rate of return.
Remaining value is zero at age 100.
Given the assumptions listed above, in order to generate $2,500 per month from age 67 to 100, one needs to have $430,623 to invest (at the starting age of 67).
Same assumptions as in 'A' above, but with $100,000 still remaining at age 100.
Given the slightly revised assumptions listed for 'Calculation B,' one needs to have $444,499 to invest at age 67 in order to generate $2,500 per month until age 100.
This is an important comparison because it demonstrates the time-value of money, and how a relatively little bit more invested now will grow to become a sizable difference at the end of the period.
In tangible retirement planning terms, this means one either (a) has an estate of $100,000 to pass along at death, or (b) always has a cushion of at least $100,000 come what may -- even if one lives for some time past age 100.
£100 a month.
You could say "Voy a jubilar este mes"(I am going to retire this month). Or..."Jubilaré este mes"(I will retire this month). Or..."Jubilo este mes"(I retire this month).
That depends on location. Expect anywhere fron 2600-4200 a month starting out of the academy.
On average, a veterinarian can expect to earn around $7500 per month; this is based upon an annual salary of $90,000.
For a simple IT technician with no degree expect R6000 per month, but sometimes lower.
We expect CAIIB result held in the month of May 2012 in the month of july 2012.
1999 in the month of April
Depending on your rank and military branch you could expect to be paid at least $50 to $300 or more a month. Now keep in mind $50 was a lot of money back then and you could buy a house for $30 a month.
first starting out they can make 2,250 dollars a month but once they get better the can make 1,000,000 dollars a month it also counts on how many songs they make.
IRA = individual retirement account. You put in money every month for 20-40 years, watch it grow due to interest, and hope to have a significant amount of money so you can retire comfortably.
I would expect a salary that is in line with the level and responsibilities of the job and my experience. Although, I do not know; what starting salary do you offer for this job role?, but I expect a salary up to xxx per month without bonus& benefits, and I expected a higher starting salary for this position . Rate This Answer
What is the starting month of financial year in dubai,uae
You will have your menstruation after a month.
The equator sees the smallest variation in temperature from year to year and from month to month.
Do the math: a grand/month for 25 years (300 months). Cheers !
The starting pay is $ 2038/month The starting pay is $ 2038/month
I would expect a salary that is in line with the level and responsibilities of the job and my experience. Although, I do not know; what starting salary do you offer for this job role?, but I expect a salary up to xxx per month without bonus& benefits, and I expected a higher starting salary for this position .
That depends a lot on 1000 of what - I assume you mean money, but what currency? - Also, where you plan to live the remainder of your life. Living expenses are more in some places than in others.
A nurse on a cruise ship can expect to year around $3,000 per month. A nurse practitioner can expect to earn $4,200 to $5,200 per month.
Online matchmaking services range in cost from free, to around 25$ a month. On average, you can expect to pay around $15 a month.
The amount of money a naval officer makes depends on rank and length of time in service. An ensign just starting out makes $3,655 per month while a high ranking admiral makes as much as $12,827 per month.
IT TAKES A WHOLE LOT OF MONEY EVERY MONTH
about 10,000 dollars a month