Retirement Project

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Recommended: Planing for retirement assingment

After working on the retirement spreadsheet and doing research about my field of study, I have come up with an ideal retirement plan that I believe will serve me well throughout my retirement years. I used data from the Bureau of Labor Statistics to determine my initial starting salary as an Industrial Engineer. I am assuming that my first job will be paying me around that salary. My plan is to work for a single major company with a pension plan for about 38 years. I plan to graduate at age 22 and start working immediately after graduation which would put my retirement age 60. My investment portfolio before retirement is to be somewhat diversified with a heavy emphasis on high investment stocks and the real estate market. I plan to travel out of the country about once a year and locally (out of the state but driving distance) several times a year.

I did a sensitivity analysis on 10 different factors of my retirement plan. Four out of the seven factors are based upon the current economic and political climate. Throughout my analysis, I consider a savings gradient of 10% and under t...

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