Retirement Planning Project By: The and Sugar. Meet Nick Peterson Current Age36 Current after-tax salary$ 120,000 Current investment portfolio $ 60,000.

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Presentation transcript:

Retirement Planning Project By: The and Sugar

Meet Nick Peterson Current Age36 Current after-tax salary$ 120,000 Current investment portfolio $ 60,000 Current annual savings$ 12,000 Desired retirement age66 Desired replacement ratio80% Projected Social Security Income $ 2,470 monthly Assumed inflation rate3.0% Assumed investment return7.0% Targeted estate at deathNo stated goal Longevity AssumptionAssume age 86

Current Scenario  Solutions to Deficit  Increase savings rate from 10% to 11% annually  Delay retirement to age 67 (1 extra year)  Surplus will be $8,646.73

Inflation Increase from 3% to 4%  Solutions to Deficit  Increase annual savings percentage to 12% from 10%.  Invest more aggressively in order to attain an 8% investment return rather than 7%.

Promotion: $150,000 from $120,000  Solution to Deficit:  Retire 1 year earlier  Reduce Replacement Ratio from 80% to 64%.

Gambling Problems: Withdrew $40,000 from Current Investments  Solution to Deficit:  Delay retirement from age 66 to age 69.  Decrease replacement ratio by 5% from 80% to 75%.

SSI Cut in Half  Solution to Deficit  Delay retirement age 2 years.  Increase annual savings 2%  Decrease Replacement ratio 5%.

Shock City: Inflation decrease 2% Life expectancy increase Early Retirement  Solution to Deficit:  Increase Annual Saving by 4%.

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