I am building a retirement calculator that will show clients approximately when their money will run out (whoel idea is to introduce them to investments like annuities). I cannot for the life of me figure out the formula to stop payments after a set amount of years. Here is the situation:
Client is 55 years old, plans on retiring at age 65. This means that for the next 10 years he/she will continue to add X amount of $ to their retirement savings account. I am also graphing this data, so I need to figure out how to show that X amount of $ being added every year for the next 10 years, but then stopping after that 10 year. I can then show how quickly their money will run out based on expenses and inflation. Any help is much appreciated, thanks.
Client is 55 years old, plans on retiring at age 65. This means that for the next 10 years he/she will continue to add X amount of $ to their retirement savings account. I am also graphing this data, so I need to figure out how to show that X amount of $ being added every year for the next 10 years, but then stopping after that 10 year. I can then show how quickly their money will run out based on expenses and inflation. Any help is much appreciated, thanks.
