Question: You have decided you don't like working and would rather travel and shop, so you are going to save $16,000 per year (at the end
You have decided you don't like working and would rather travel and shop, so you are going to save $16,000 per year (at the end of the year) in the hope of retiring early. To have a comfortable retirement with the ability to travel, you must save $1,500,000. How many years will you have to work before you will have enough to retire? Assume your retirement savings account pays 4% interest. years before you will have enough to retire. (Round up to the nearest integer.) You will have to work for
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