Planning
Future Income
I want to receive a future monthly income of $ per month (in today's dollars) for years beginning years from now. My savings and accumulated funds will earn % interest per year. My interest earnings will be taxed at %. (OK to leave this zero, but the results won't be as accurate) To protect my purchasing power, let's assume % average inflation rate. (OK to leave this zero, but inflation is seldom less than 3%) How much will I need to save monthly to accomplish this?