A Mathematical Model for a Retirement Planning

  IJMTT-book-cover
 
International Journal of Mathematics Trends and Technology (IJMTT)
 
© 2019 by IJMTT Journal
Volume-65 Issue-2
Year of Publication : 2019
Authors : Olanrewaju, G.O, Badmus, N. I and Oyenuga, Y. O
  10.14445/22315373/IJMTT-V65I2P510

MLA

MLA Style:Olanrewaju, G.O, Badmus, N. I and Oyenuga, Y. O "A Mathematical Model for a Retirement Planning" International Journal of Mathematics Trends and Technology 65.2 (2019): 51-53.

APA Style: Olanrewaju, G.O, Badmus, N. I and Oyenuga, Y. O (2019). A Mathematical Model for a Retirement Planning. International Journal of Mathematics Trends and Technology, 65(2), 51-53.

Abstract
In this paper, we developed a mathematical model to enable workers plan their lifestyle towards and during retirement.Most salary earners often face problem of uncertainty in terms of their livelihood whenever they are about to retire from service. We formulate and solved with an income of an academic staff ofa Nigeria polytechnic used as numerical example in the study. The result showed that an academic staff that plans for retirement ten years before its commencement may be able to live reasonably comfortable for a period of at least twenty five years after retirement.

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Keywords
Income, retirement, planning, social security