What your personal retirement strategy will be going forward

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Reference no: EM133015075

How much do you need to save to reach a savings goal of $10,000 in 5 years if it is invested at 2% interest? (assume you have $0 in savings at this time)

https://www.moneychimp.com/calculator/compound_interest_calculator.htm (Links to an external site.)

After working this example, provide a paragraph on your findings and what your own personal savings strategy will be going forward

Use this calculator to determine how much you need to save each year to retire with $1,000,000 if your money is invested at 10.5%. (Assume you are 20 year old, have $0 in retirement at this time and will retire at 65)

https://www.moneychimp.com/calculator/compound_interest_calculator.htm (Links to an external site.)

After working this example, provide a few sentences on findings and what your personal retirement strategy will be going forward.

Reference no: EM133015075

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