Inflation-Adjusted Retirement Planning
Symbolic notation is used throughout the model development, so it would be wise to review the meanings of the symbols before perusing the modeling.
A time-tested, finite mathematical series, well-known in college-level engineering economics courses as the geometric gradient series, is used as the base for model development. Two variations of this series are used to calculate the inflation-adjusted savings relations, and the inflation-adjusted retirement income relations. Other useful interest formulas and equations are also presented
A complete example of each variation on a theme is provided. These examples also allow you to substitute in your own data to personalize your own solution(s).
©2008, Simon Revere Mouer III, PhD, PE
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