Mathematics, 06.06.2021 17:10 thedoragreen
You want to retire on the equivalent of $50,000 per year in today's money. Inflation is expected to be 3%. You will retire in 30 years. You will earn 10% annually on your investments from not till retirement and you will earn 8% during retirement (which is expected to last 20 years). How much do you need to save per month in order to fund this retirement?
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