You would like to retire with $10 million in your retirement account at the end of 20 years. How much would you have to invest every year for the next 20 years to meet your goal. Assume you could earn 6 percent per year for those 20 years?

Using the information in above, How much could you withdraw every year for 30 years following retirement. Assume you continue to earn 6 percent per year.

Answer rating: 100% (QA)

To calculate how much you would need to invest every year for the next 20 years to retire with 10 mi... View the full answer