Can someone explain how they are getting the initial values for these goals? For example, goal one states that a value of 2,430,000 is required today to maintain expenditures of 500k, growing by 2% inflation, for 5 years. Where is this number coming from? If i find the FV of that number, which a 500k yearly outflow for 5 years, dicsounted at 2.3 + 2 (inflation) = 4.3, shouldnt the future value be zero? I’m getting 274k future value.
How are they coming up with the 2,430,000?