JKC 4
The Challenge:
The output of the component should be how much money they need to have in order to retire at the target age. For simplicity, use this formula in your component:
amount_to_retire = (100 - target_age)* monthly_expenditure_amount *12
Use your component to figure out if 2,000,000 dollars is enough for your coworker to retire, given that she spends 4,000 dollars per month. To keep this challenge simple, do not consider inflation, compounding interest, or part-timework in retirement.
Are you interested in how this formula came up?Check the Trinity study out.In this study, participants needed roughly 25 times whatever they spent yearlyto survive for 30 years with a 95% success rate.
Nodes
- String Manipulation (Variable)10 ×
- Rule Engine Variable5 ×
- String Configuration5 ×
- Merge Variables4 ×
- CASE Switch Variable (End)3 ×
- CASE Switch Variable (Start)3 ×
- Math Formula (Variable)3 ×
- CSS Editor2 ×
- Integer Configuration2 ×
- Integer Widget2 ×
- Single Selection Configuration2 ×
- Table Row to Variable2 ×
- Breakpoint1 ×
- CASE Switch Data (End)1 ×
- Column Auto Type Cast1 ×
- Column Rename1 ×
- Empty Table Switch1 ×
- Extract Variables (Data)1 ×
- Generic JavaScript View1 ×
- Inject Variables (Data)1 ×
- Refresh Button Widget1 ×
- Row Filter1 ×
- Table Creator1 ×
- Text Output Widget1 ×
- Variable to Table Row1 ×
Extensions
- FeatureKNIME Base nodes
- FeatureKNIME JavaScript Views
- FeatureKNIME Javasnippet
- FeatureKNIME Math Expression (JEP)
- FeatureKNIME Quick Forms
Links
- No links available