Exam CFA-Level-I Topic 1 Question 1485 Discussion

Actual exam question for CFA's CFA-Level-I exam
Question #: 1485
Topic #: 1
A client tells you that he currently earns $100,000 per year and is comfortable with his lifestyle at that income level. He says he is planning on retiring in 5 years. If inflation averages 8% over the next 5 years, approximately what income level will this client require in the year of his retirement to maintain his current lifestyle?

Suggested Answer: A Vote an answer

The calculation is as follows: (1.08)5 x 100000 = $146,933

by Cornelia at Aug 21, 2025, 05:21 AM

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