Determine how much money you need to save to retire

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Question: Assume you want to retire at age 65, using the age you are now, and haven't saved anything, but think you can get a return of 8% on your investments. Determine how much money you need to save per month to retire with a $1m in the bank. Then as a bonus question; Will that will be enough to comfortably retire?

Reference no: EM131939877

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