Sarah is currently 25 and plans to retire at the age of 55. Sarah wants an income in today's dollars of $120,000. She is investing in the S&P index fund making 10%. Inflations is currently 4%. Sarah is expected to live until age 85. How much money does Sarah need to save annually?

Answer rating: 100% (QA)

To determine how much money Sarah needs to save annually we can use the following steps Calculate th... View the full answer