You plan to have a working working career of $35$ years. If invest $$1,000$ a month in an index fund that gives you a $9\%$ return and $$500$ a month in bonds that give you an average of $4\mathrm{.}5\%$ return. You continue to invest monthly for $35$ years. What is the total amount of money you will have in your retirement accounts $($combined$)$ by the time you retire?

Answer rating: 100% (QA)

Heres how to calculate the total amount you will have in your retirement accounts by the time you re... View the full answer