Advanced Engineering Economics
This is the study of a fictitious case study of someone who, at the age of 20, set his future worth to be 1.5 Million by the time he reached the age of 55. He really wasn’t sure how to get there except to save as much as he could for the next 30 years. The plan involved real estate, 401Ks and IRA investments. Today this person is 6 years away from his 55th birthday so this study is looking at: ● How well he invested ● What was his current rate of return over the past 30 years ● Is his plan to retire at 55 is still possible. What if scenarios are addressed, with a base annual salary of $120,000 per year (in 2017 dollars) after he stops working.
Joy, Aishwarya; Nigg, Donavon; Deshpande, Tejas; Smith, Michael D.; Patil, Priyanka; and Jirage, Rushikesh, "Maximizing Stew’s Retirement Plan" (2017). Engineering and Technology Management Student Projects. 83.