We've decided, $100,000 annual salary is adequate to live comfortably today (2011). Our estimated date of retirement is 38 years from now (2049). Retirement benefit will last 20 years (starting on 2049 and ends 2069) with 20 annual payments. Expected interest rate/return on investment/required rate return is 10% while inflation expected to be 3% annually for the entire period (2010-2068).

1. What will be the annual retirement benefit of 2049 providing similar purchasing power of 2011?
2. What will be the total amount saved in the retirement account when the retirement benefit starts in the beginning of 2049 enough to cover 20 annual payments.
3. How much money needs to be deposited at the end of every month starting in the year 2013 to accumulate enough savings to support the retirement?
4. If we have $10000 in the retirement account today, what will be the new monthly deposit that you have calculated in #3?

And this isn't homework? An investment advisor would be a good place to start.

This is a homework problem

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