1) You believe you will have one million dollars when you retire in 40 years. But what is that actually worth in today's dollars if the average interest rate is 6% over that time period?

2) You are currently 22 years old and just started your job. You plan on saving $1,200 per year until you retire at age 65. The rate of return you believe your investments will earn is 7%. How much money will you have when you retire?

3) You want to have 2 million dollars when you retire early at age 55 (33 years from now). How much will you have to save each year if you can earn 8%?