Exercise

Inflation-adjusted net worth

By saving 30% per year, your simulation shows that you can accumulate $896,962.66. Not quite a millionaire, but not bad at all!

For the sake of simplicity, let's assume you were able to save $900,000 by following your budget.

But what if you retire 15 years from now? What is $900,000 going to be truly worth 15 years from now?

Instructions

100 XP
  • Set your future_net_worth equal to $900,000.
  • Set the annual inflation rate equal to 2.5%. Do not compound inflation monthly.
  • Using .pv(), calculate the present value of your net worth 15 years from now.