M11C4_The retirement problem (Part 1)

Data points :
Current year 2019
Number of income generating years 25
Year of retirement 2044
Number of years post retirement 20
Final year 2064
Amount required per year Rs.600,000/-
Inflation 5%

Calculations:
Retirement year How many years away from today Yearly amount required
2044 25 600,000
2045 26 600,000
2046 27 600,000
2047 28 600,000
2048 29 600,000
2049 30 600,000
2050 31 600,000
2051 32 600,000
2052 33 600,000
2053 34 600,000
2054 35 600,000
2055 36 600,000
2056 37 600,000
2057 38 600,000
2058 39 600,000
2059 40 600,000
2060 41 600,000
2061 42 600,000
2062 43 600,000
2063 44 600,000
2064 45 600,000
Total Corpus required at the start of the retirement year i.e. 2044
Future value
2,031,813
2,133,404
2,240,074
2,352,077
2,469,681
2,593,165
2,722,824
2,858,965
3,001,913
3,152,009
3,309,609
3,475,090
3,648,844
3,831,286
4,022,851
4,223,993
4,435,193
4,656,953
4,889,800
5,134,290
5,391,005
72,574,839