Miguel, a recent 22-year old college graduate, wants to retire a millionaire. He plans to retire at age 67. In order to meet his goal, he must save $2,587.28 annually. What other factors should Miguel consider with regard to his retirement goal? What recommendation would you give Miguel regarding his goal?

Factors Miguel should consider with regard to retirement goal include:(Select all that apply.)

A. he needs to determine the type of retirement lifestyle that he desires.

B. he needs to determine the type of retirement community he wants to live in.

C. considering inflation since $1 million in 45 years will not buy what it does today.

D. considering inflation since $1 million in 45 years will buy more than it does today.