5.1 A Life-Cycle Model of Saving Assume that you are currently 35 years old,expect to retire in 30 years at 65,and then live for 15 more years until 80 Your real labor income is $30,000/year until age 65 Interest rates exceed inflation by 3%/year .THE COURSE OF FINANCE 2017 SPRING SJTU5.1 A Life-Cycle Model of Saving  Assume that you are currently 35 years old, expect to retire in 30 years at 65, and then live for 15 more years until 80  Your real labor income is $30,000/year until age 65  Interest rates exceed inflation by 3%/ year •THE COURSE OF FINANCE 2017 SPRING SJTU •4