Kolton is currently 24 and wants to get ahead on planning for retirement. He currently has nothing
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Kolton is currently 24 and wants to get ahead on planning for retirement. He currently has nothing put away for retirement. He has plans to retire at 65 and live until 84 (based on family history). He wants to live a modest lifestyle, spending $51k per year during retirement. Kolton believes he can get an average annual return of 7% through investments, planning to move his nest egg to safer investments yielding 2.34% annually after retiring. With all of this in mind, how much should Kolton plan to have saved before retiring?
Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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