This document shows the results of an investment account simulation over a lifetime from age 32 to age 98. It tracks the beginning and ending account values each year, contributions, investment income, taxes paid, and withdrawals during retirement. The simulation calculates a total lifetime real consumption of $2,191,947.06 from the investment account.

1. Investor Account Economy
current age = 32 beginning value = $0.00 inflation = 3.00%
retirement age = 60 r (working) = 10.00% exemption = $10,000
life expectancy = 98 r (retirement) = 5.00% tax rate 1 = 15%
beginning salary = $58,200.00 1st withdrawal = $28,474.21 tax rate 2 = 28%
income growth rate = 6.00% withdrawal growth = 3.00% tax bracket = $36,250
savings rate = N/A contribution limit = N/A Lifetime Real Consumption
annual deposit = $5,500.00 employer match = N/A 2,191,947.06
Time Birthday Beg. Value Salary
Investment
Income Taxable Income Total Taxes Deposit
Employer
Match Withdrawal
Real
Withdrawal End Value Consumption Real Consumption
0 32 0.00 58,200.00 0.00 53,700.00 10,323.50 5,500.00 0.00 0.00 0.00 5,500.00 42,376.50 41,142.23
1 33 5,500.00 61,692.00 550.00 57,192.00 11,301.26 5,500.00 0.00 0.00 0.00 11,550.00 44,890.74 42,313.83
2 34 11,550.00 65,393.52 1,155.00 60,893.52 12,337.69 5,500.00 0.00 0.00 0.00 18,205.00 47,555.83 43,520.33
3 35 18,205.00 69,317.13 1,820.50 64,817.13 13,436.30 5,500.00 0.00 0.00 0.00 25,525.50 50,380.83 44,762.72
4 36 25,525.50 73,476.16 2,552.55 68,976.16 14,600.82 5,500.00 0.00 0.00 0.00 33,578.05 53,375.33 46,042.03
5 37 33,578.05 77,884.73 3,357.81 73,384.73 15,835.22 5,500.00 0.00 0.00 0.00 42,435.86 56,549.50 47,359.32
6 38 42,435.86 82,557.81 4,243.59 78,057.81 17,143.69 5,500.00 0.00 0.00 0.00 52,179.44 59,914.12 48,715.67
7 39 52,179.44 87,511.28 5,217.94 83,011.28 18,530.66 5,500.00 0.00 0.00 0.00 62,897.38 63,480.62 50,112.19
8 40 62,897.38 92,761.96 6,289.74 88,261.96 20,000.85 5,500.00 0.00 0.00 0.00 74,687.12 67,261.11 51,550.04
9 41 74,687.12 98,327.68 7,468.71 93,827.68 21,559.25 5,500.00 0.00 0.00 0.00 87,655.84 71,268.43 53,030.40
10 42 87,655.84 104,227.34 8,765.58 99,727.34 23,211.15 5,500.00 0.00 0.00 0.00 101,921.42 75,516.18 54,554.50
11 43 101,921.42 110,480.98 10,192.14 105,980.98 24,962.17 5,500.00 0.00 0.00 0.00 117,613.56 80,018.80 56,123.58
12 44 117,613.56 117,109.83 11,761.36 112,609.83 26,818.25 5,500.00 0.00 0.00 0.00 134,874.92 84,791.58 57,738.94
13 45 134,874.92 124,136.42 13,487.49 119,636.42 28,785.70 5,500.00 0.00 0.00 0.00 153,862.41 89,850.73 59,401.91
14 46 153,862.41 131,584.61 15,386.24 127,084.61 30,871.19 5,500.00 0.00 0.00 0.00 174,748.65 95,213.42 61,113.87
15 47 174,748.65 139,479.69 17,474.86 134,979.69 33,081.81 5,500.00 0.00 0.00 0.00 197,723.51 100,897.87 62,876.22
16 48 197,723.51 147,848.47 19,772.35 143,348.47 35,425.07 5,500.00 0.00 0.00 0.00 222,995.87 106,923.40 64,690.41
17 49 222,995.87 156,719.38 22,299.59 152,219.38 37,908.93 5,500.00 0.00 0.00 0.00 250,795.45 113,310.45 66,557.95
18 50 250,795.45 166,122.54 25,079.55 161,622.54 40,541.81 5,500.00 0.00 0.00 0.00 281,375.00 120,080.73 68,480.36
19 51 281,375.00 176,089.89 28,137.50 171,589.89 43,332.67 5,500.00 0.00 0.00 0.00 315,012.50 127,257.22 70,459.24
20 52 315,012.50 186,655.28 31,501.25 182,155.28 46,290.98 5,500.00 0.00 0.00 0.00 352,013.75 134,864.30 72,496.21
21 53 352,013.75 197,854.60 35,201.37 193,354.60 49,426.79 5,500.00 0.00 0.00 0.00 392,715.12 142,927.81 74,592.95
22 54 392,715.12 209,725.88 39,271.51 205,225.88 52,750.75 5,500.00 0.00 0.00 0.00 437,486.63 151,475.13 76,751.20
23 55 437,486.63 222,309.43 43,748.66 217,809.43 56,274.14 5,500.00 0.00 0.00 0.00 486,735.30 160,535.29 78,972.72
24 56 486,735.30 235,648.00 48,673.53 231,148.00 60,008.94 5,500.00 0.00 0.00 0.00 540,908.83 170,139.06 81,259.36
25 57 540,908.83 249,786.88 54,090.88 245,286.88 63,967.83 5,500.00 0.00 0.00 0.00 600,499.71 180,319.05 83,612.99
26 58 600,499.71 264,774.09 60,049.97 260,274.09 68,164.24 5,500.00 0.00 0.00 0.00 666,049.68 191,109.84 86,035.56
27 59 666,049.68 280,660.53 66,604.97 276,160.53 72,612.45 5,500.00 0.00 0.00 0.00 738,154.65 202,548.08 88,529.06
28 60 738,154.65 0.00 36,907.73 0.00 0.00 0.00 0.00 28,474.21 12,445.42 746,588.17 28,474.21 12,082.93
29 61 746,588.17 0.00 37,329.41 0.00 0.00 0.00 0.00 29,328.44 12,445.42 754,589.14 29,328.44 12,082.93
30 62 754,589.14 0.00 37,729.46 0.00 0.00 0.00 0.00 30,208.29 12,445.42 762,110.31 30,208.29 12,082.93
31 63 762,110.31 0.00 38,105.52 0.00 0.00 0.00 0.00 31,114.54 12,445.42 769,101.28 31,114.54 12,082.93
32 64 769,101.28 0.00 38,455.06 0.00 0.00 0.00 0.00 32,047.98 12,445.42 775,508.37 32,047.98 12,082.93
33 65 775,508.37 0.00 38,775.42 0.00 0.00 0.00 0.00 33,009.41 12,445.42 781,274.38 33,009.41 12,082.93
34 66 781,274.38 0.00 39,063.72 0.00 0.00 0.00 0.00 33,999.70 12,445.42 786,338.40 33,999.70 12,082.93
35 67 786,338.40 0.00 39,316.92 0.00 0.00 0.00 0.00 35,019.69 12,445.42 790,635.63 35,019.69 12,082.93
36 68 790,635.63 0.00 39,531.78 0.00 0.00 0.00 0.00 36,070.28 12,445.42 794,097.13 36,070.28 12,082.93
37 69 794,097.13 0.00 39,704.86 0.00 0.00 0.00 0.00 37,152.39 12,445.42 796,649.60 37,152.39 12,082.93
End-of-Period
FI4240_Proj1_Gudldona_Sudanth - Roth
1

2. Investor Account Economy
current age = 32 beginning value = $0.00 inflation = 3.00%
retirement age = 60 r (working) = 10.00% exemption = $10,000
life expectancy = 98 r (retirement) = 5.00% tax rate 1 = 15%
beginning salary = $58,200.00 1st withdrawal = $28,474.21 tax rate 2 = 28%
income growth rate = 6.00% withdrawal growth = 3.00% tax bracket = $36,250
savings rate = N/A contribution limit = N/A Lifetime Real Consumption
annual deposit = $5,500.00 employer match = N/A 2,191,947.06
Time Birthday Beg. Value Salary
Investment
Income Taxable Income Total Taxes Deposit
Employer
Match Withdrawal
Real
Withdrawal End Value Consumption Real Consumption
38 70 796,649.60 0.00 39,832.48 0.00 0.00 0.00 0.00 38,266.96 12,445.42 798,215.12 38,266.96 12,082.93
39 71 798,215.12 0.00 39,910.76 0.00 0.00 0.00 0.00 39,414.97 12,445.42 798,710.91 39,414.97 12,082.93
40 72 798,710.91 0.00 39,935.55 0.00 0.00 0.00 0.00 40,597.42 12,445.42 798,049.04 40,597.42 12,082.93
41 73 798,049.04 0.00 39,902.45 0.00 0.00 0.00 0.00 41,815.34 12,445.42 796,136.15 41,815.34 12,082.93
42 74 796,136.15 0.00 39,806.81 0.00 0.00 0.00 0.00 43,069.80 12,445.42 792,873.16 43,069.80 12,082.93
43 75 792,873.16 0.00 39,643.66 0.00 0.00 0.00 0.00 44,361.89 12,445.42 788,154.92 44,361.89 12,082.93
44 76 788,154.92 0.00 39,407.75 0.00 0.00 0.00 0.00 45,692.75 12,445.42 781,869.92 45,692.75 12,082.93
45 77 781,869.92 0.00 39,093.50 0.00 0.00 0.00 0.00 47,063.53 12,445.42 773,899.88 47,063.53 12,082.93
46 78 773,899.88 0.00 38,694.99 0.00 0.00 0.00 0.00 48,475.44 12,445.42 764,119.44 48,475.44 12,082.93
47 79 764,119.44 0.00 38,205.97 0.00 0.00 0.00 0.00 49,929.70 12,445.42 752,395.71 49,929.70 12,082.93
48 80 752,395.71 0.00 37,619.79 0.00 0.00 0.00 0.00 51,427.59 12,445.42 738,587.90 51,427.59 12,082.93
49 81 738,587.90 0.00 36,929.40 0.00 0.00 0.00 0.00 52,970.42 12,445.42 722,546.88 52,970.42 12,082.93
50 82 722,546.88 0.00 36,127.34 0.00 0.00 0.00 0.00 54,559.53 12,445.42 704,114.69 54,559.53 12,082.93
51 83 704,114.69 0.00 35,205.73 0.00 0.00 0.00 0.00 56,196.32 12,445.42 683,124.10 56,196.32 12,082.93
52 84 683,124.10 0.00 34,156.21 0.00 0.00 0.00 0.00 57,882.21 12,445.42 659,398.10 57,882.21 12,082.93
53 85 659,398.10 0.00 32,969.90 0.00 0.00 0.00 0.00 59,618.68 12,445.42 632,749.33 59,618.68 12,082.93
54 86 632,749.33 0.00 31,637.47 0.00 0.00 0.00 0.00 61,407.24 12,445.42 602,979.56 61,407.24 12,082.93
55 87 602,979.56 0.00 30,148.98 0.00 0.00 0.00 0.00 63,249.45 12,445.42 569,879.09 63,249.45 12,082.93
56 88 569,879.09 0.00 28,493.95 0.00 0.00 0.00 0.00 65,146.94 12,445.42 533,226.10 65,146.94 12,082.93
57 89 533,226.10 0.00 26,661.31 0.00 0.00 0.00 0.00 67,101.34 12,445.42 492,786.07 67,101.34 12,082.93
58 90 492,786.07 0.00 24,639.30 0.00 0.00 0.00 0.00 69,114.38 12,445.42 448,310.98 69,114.38 12,082.93
59 91 448,310.98 0.00 22,415.55 0.00 0.00 0.00 0.00 71,187.82 12,445.42 399,538.72 71,187.82 12,082.93
60 92 399,538.72 0.00 19,976.94 0.00 0.00 0.00 0.00 73,323.45 12,445.42 346,192.20 73,323.45 12,082.93
61 93 346,192.20 0.00 17,309.61 0.00 0.00 0.00 0.00 75,523.15 12,445.42 287,978.66 75,523.15 12,082.93
62 94 287,978.66 0.00 14,398.93 0.00 0.00 0.00 0.00 77,788.85 12,445.42 224,588.74 77,788.85 12,082.93
63 95 224,588.74 0.00 11,229.44 0.00 0.00 0.00 0.00 80,122.51 12,445.42 155,695.67 80,122.51 12,082.93
64 96 155,695.67 0.00 7,784.78 0.00 0.00 0.00 0.00 82,526.19 12,445.42 80,954.26 82,526.19 12,082.93
65 97 80,954.26 0.00 4,047.71 0.00 0.00 0.00 0.00 85,001.97 12,445.42 0.00 85,001.97 12,082.93
66 98 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
67 99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
68 100 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
69 101 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
70 102 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
71 103 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
72 104 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
73 105 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
74 106 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
75 107 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
End-of-Period
FI4240_Proj1_Gudldona_Sudanth - Roth
2

3. Investor Account Economy
current age = 32 beginning value = $0.00 inflation = 3.00%
retirement age = 60 r (working) = 10.00% exemption = $10,000
life expectancy = 98 r (retirement) = 5.00% tax rate 1 = 15%
beginning salary = $58,200.00 1st withdrawal = $28,474.21 tax rate 2 = 28%
income growth rate = 6.00% withdrawal growth = 3.00% tax bracket = $36,250
savings rate = N/A contribution limit = N/A Lifetime Real Consumption
annual deposit = $5,500.00 employer match = N/A 2,191,947.06
Time Birthday Beg. Value Salary
Investment
Income Taxable Income Total Taxes Deposit
Employer
Match Withdrawal
Real
Withdrawal End Value Consumption Real Consumption
76 108 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
77 109 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
78 110 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
79 111 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
80 112 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
81 113 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
82 114 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
83 115 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
84 116 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
85 117 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
86 118 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
87 119 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
88 120 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
89 121 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
90 122 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
91 123 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
92 124 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
93 125 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
94 126 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
95 127 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
96 128 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
97 129 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
98 130 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
99 131 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
100 132 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
End-of-Period
FI4240_Proj1_Gudldona_Sudanth - Roth
3