Monthly Savings To Get To $1M Based on the bar chart below, estimated the retirement age used to create the chart. You need to estimate/verify the retirement age using the information provided in each bar. Assume all saving payments occur at the beginning of month. $16,000.00 $14,000.00 $12,000.00 $10,000.00 $8,000.00 $6,000.00 How Much You Need To Save To Get To $1M At Retirement (6% Return Rate) $6,071.69 $14,261.49 $4,000.00 $3,421.46 $2,153.54 $2,000.00 $1,435.83 $990.55 $698.41 $361.04 $499.64 $0.00 20 25 30 35 40 45 50 55 60 Partial structure is given as below. Age Begin Saving 20 $ Monthly Saving Nper in Month 361.04 Nper in Year Retirement Age Used 25 $ 499.64 30 $ 698.41 35 $ 990.55 40 $ 1,435.83 45 $ 2,153.54 50 $ 3,421.46 55 $ 6,071.69 60 $ 14,261.49