Quote:
Originally Posted by Mutt
if it 40 or 45 you wanted to purchase an annuity that would pay you $180,000 per year from retirement(65) til death how much would you have to put up?
|
amazingly enough, exactly 1m.
1m * 1.05 ^ 22 = 2.9m
2.9m at 6% - 2%inflation = 183k/y