Living in retirement 25 years Retirement age 65 Annual income $100,000 Interest Rate 6% Need 2 million to live comfortably  What is the present value of the retirement income needs? ( this is how much you will need k  retirement savings on the day you retire in order to meet your goals) How much must you save each year (or each month) during your working years to meet this goal? ( compute the required payment to achieve a future value equal to the amount you need to have on the day you retire, which was computed above) Is the goal realistic?

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