How much do you need to have in your account at retirement

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Reference no: EM132817374

Question - You want to receive $5,000 per month in retirement. If you can earn 6% annual return and you expect to need the income for 25 years, how much do you need to have in your account at retirement?

a. $776,034

b. $689,225

c. $601,283

d. $567,757

Reference no: EM132817374

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