QUESTION 5: You are currently 25 years old and starting to invest for retirement at 55 years old. You are debt free and investing 15% of your income ($75,720). We are going to use the stock market average since 1929 of 12% as your Investment Rate of Return. You currently have zero dollars invested for retirement.

First, find the annual contribution amount and rate of return

• Using the annual contribution amount and rate of return from the previous question, how much is your nest egg by the age of 35?
• Using the annual contribution amount and rate of return from the previous questions, how much is your nest egg by the age of 45?
• Using the annual contribution amount and rate of return from the previous questions, how much is your nest egg by the age of 55?
• Using the annual contribution amount and rate of return from the previous questions, how much is your nest egg by the age of 70?