Question: Construct a rough retirement budget. Adjust the average social security check of $1422.00 at 2% inflation until your retirement date. Do the same with your

Construct a rough retirement budget. Adjust the average social security check of $1422.00 at 2% inflation until your retirement date. Do the same with your expenses. Determine the difference between expenses and income and then calculate how much you will need to have saved at retirement using both 15% and 20%.

Using both numbers determine how much you need to save each month starting at 25 and also at 35.

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