Solves Equation (18.5) for the contribution rate required to achieve a
target replacement ratio.
Usage
contribution_rate_target(x, z, Sx, RR_target, i, adue_z, g = NULL, s = NULL)
Arguments
- x
Entry age.
- z
Retirement age.
- Sx
Salary at age x.
- RR_target
Target replacement ratio.
- i
Annual effective interest rate.
- adue_z
Whole life annuity-due factor at age z.
- g
Optional constant annual salary growth rate.
- s
Optional salary scale vector of length z - x.
Value
Required contribution rate.
Examples
contribution_rate_target(
x = 30, z = 65, Sx = 60000, RR_target = 0.50,
i = 0.06, adue_z = 11, g = 0.04
)
#> [1] 0.1052808