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QUESTION
You just celebrated your 35th birthday. You plan to retire at 65 and live to be 95. You want to receive $60,000 per year in your retirement years....
You just celebrated your 35th birthday. You plan to retire at 65 and live to be 95. You want to receive $60,000 per year in your retirement years.
You have a current balance of $53,000 in your 401(k). If you think your portfolio will make a return of 5% on average, how much should you set aside per year to meet your goal?
- $13,880
- $11,613
- $12,217
- $10,435
- $13,887
