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How much is my pension worth in today's dollars? It is a fixed 34,000 per year....

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Finance

How much is my pension worth in today's dollars?

It is a fixed 34,000 per year. I am currently 44 years old and Istart collecting at age 62 and plan to live until age 95. Thepension does not adjust for inflation. Inflation is estimated to be3% per year.

Answer & Explanation Solved by verified expert
3.7 Ratings (350 Votes)

Your Pension is worth $434,693.7 in current dollars. The calculation is below:

Year Counter Age Pension Present Value
0 44 0.00 0.00
1 45 0.00 0.00
2 46 0.00 0.00
3 47 0.00 0.00
4 48 0.00 0.00
5 49 0.00 0.00
6 50 0.00 0.00
7 51 0.00 0.00
8 52 0.00 0.00
9 53 0.00 0.00
10 54 0.00 0.00
11 55 0.00 0.00
12 56 0.00 0.00
13 57 0.00 0.00
14 58 0.00 0.00
15 59 0.00 0.00
16 60 0.00 0.00
17 61 0.00 0.00
18 62 34000.00 19971.42
19 63 34000.00 19389.72
20 64 34000.00 18824.98
21 65 34000.00 18276.68
22 66 34000.00 17744.35
23 67 34000.00 17227.52
24 68 34000.00 16725.75
25 69 34000.00 16238.59
26 70 34000.00 15765.62
27 71 34000.00 15306.43
28 72 34000.00 14860.61
29 73 34000.00 14427.78
30 74 34000.00 14007.55
31 75 34000.00 13599.56
32 76 34000.00 13203.46
33 77 34000.00 12818.89
34 78 34000.00 12445.53
35 79 34000.00 12083.04
36 80 34000.00 11731.10
37 81 34000.00 11389.42
38 82 34000.00 11057.69
39 83 34000.00 10735.62
40 84 34000.00 10422.93
41 85 34000.00 10119.35
42 86 34000.00 9824.61
43 87 34000.00 9538.46
44 88 34000.00 9260.64
45 89 34000.00 8990.91
46 90 34000.00 8729.04
47 91 34000.00 8474.80
48 92 34000.00 8227.96
49 93 34000.00 7988.31
50 94 34000.00 7755.64
51 95 34000.00 7529.75
Total 434693.70

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Transcribed Image Text

How much is my pension worth in today's dollars?It is a fixed 34,000 per year. I am currently 44 years old and Istart collecting at age 62 and plan to live until age 95. Thepension does not adjust for inflation. Inflation is estimated to be3% per year.

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