After working on my retirement spreadsheet and researching my field of study, I have come up with an ideal retirement plan that I believe will serve me well during my retirement years. I used data from the Bureau of Labor Statistics to determine my starting starting salary as an industrial engineer. I assume my first job will pay me around that salary. My plan is to work for a single large company with a pension plan for about 38 years. I plan to graduate at 22 and start working immediately after graduation, which would put my retirement age at 60. My pre-retirement investment portfolio needs to be somewhat diversified with a strong emphasis on high investment stocks and real estate. I plan to travel out of the country about once a year and locally (out of state but within driving distance) several times a year. I did a sensitivity analysis on 10 different factors in my retirement plan. Four of the seven factors are based on the current economic and political climate. Throughout my analysis, I consider a savings gradient of 10% and below at...
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