How much do you need to invest on a monthly basis into a 401K, no match, if you started when you're 30 years old and desire to have a $500,000 balance in the year you turn 67. 2) Assume investment return of 8% 3 Future value + $500,000 What critical lesson can you learn from this exercise?

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To calculate how much you need to invest on a monthly basis into a 401k to reach a 500000 balance by ... View the full answer