A friend needs some retirement advice.She would like to retire in exactly 20 years.She currently has $100,000

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A friend needs some retirement advice.She would like to retire in exactly 20 years.She currently has $100,000 in a retirement account, but estimates that she will need a total of $2.5 million in that account by the time she retires.If she does not add another dollar to the account, is her current savings enough to fund her retirement goal?She is projecting that the account will yield an annual return of 7% per year.

Posted Date: May 10, 2024 04:21 AM

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A friend needs some retirement advice.She would like to retire in exactly 20 years.She currently has $100,000

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To determine if your friends current savings of 100000 will be enough to reach 25 mi... View the full answer

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