Suppose you wish to retire forty years from today. You determinethat you need $50,000 per year once you retire, with the firstretirement funds withdrawn one year from the day you retire. Youestimate that you will earn 6% per year on your retirement fundsand that you will need funds up to and including your 25th birthdayafter retirement. How much do you need to save each year over thenext 40 years to achieve your goal?

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Tod ThielLv2

28 Sep 2019

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