Friends,
Here is my assignmnet to calculate the Yearly Pension given I am planning to invest 500K/250K (Full/half of my Nest egg), how do I calculate what insurance company can pay me for rest of my life say Life expetency left is 30 years more.
Amy computation on this will hep a lot.
Thanks
Mahag
Suppose you have reached retirement. You have saved a good
mount of money, say EUR 500,000.
You are now to make a comparison between two approaches to
using your wealth to see you through retirement:
Here is my assignmnet to calculate the Yearly Pension given I am planning to invest 500K/250K (Full/half of my Nest egg), how do I calculate what insurance company can pay me for rest of my life say Life expetency left is 30 years more.
Amy computation on this will hep a lot.
Thanks
Mahag
Suppose you have reached retirement. You have saved a good
mount of money, say EUR 500,000.
You are now to make a comparison between two approaches to
using your wealth to see you through retirement:
- Establish what yearly pension a life insurance company is prepared to pay you for the rest of your life.
- You manage your wealth yourself. Set an amount you want to withdraw each year, and estimate what percent you can earn on the outstanding balance.