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Mar 28, 2024, 5:40 PM

I plan to save 8,000inaretirementaccountnextyear.Iexpectmyannualsavingstogrowat38,000 in a retirement account next year. I expect my annual savings to grow at 3% for the next 30 years. Afterwards, I hope to withdraw 100,000 per year for 30 years. I currently have no savings. I hope to earn 8% on my investments each year. Please prepare a table showing the beginning balance each year, the savings each year, the investment gain each year, and the ending balance each year. Save the table as an Excel file.

You can download the Excel file containing the table showing the beginning balance each year, the savings each year, the investment gain each year, and the ending balance each year here:
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