Referring to Question 5, what other factors should Maria consider with regard to her retirement goal? What recommendations would you give Maria regarding her goal?

Data from question 5:

Maria, a 22-year-old recent college graduate, wants to retire a millionaire. How much will she need to set aside annually to achieve her goal, assuming she will retire at age 67 and earns an 8 percent rate of return, compounded annually, on her investment?