You want to retire has a millionaire. How much do you need to put away each month if:

• You use common stocks and have an average return of 10%?
• You use corporate bonds and have an average return of 6%?
• You use government bonds and have an average return of 4%?
• You put your money in a CD at 2.5% interest rate?

(use your own age. If you are over 45, solve for saving a $100,000.)

Answer rating: 100% (QA)

a Amount 1000000 Average Return 10 Months 12 Years 23 Monthly Pa... View the full answer