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Bob wants to have $6,000 per month in retirement income derived solely from his savings. He expects to retire in 20 years and enjoy 30
Bob wants to have $6,000 per month in retirement income derived solely from his savings. He expects to retire in 20 years and enjoy 30 years of retirement. He anticipates he can earn 7% on his investments while he is working and 4% during retirement. Bob has $100,000 saved for retirement and is saving $1,500 per month. Will Bob be able to reach his retirement goal?
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