Read the scenario to complete both of the tasks that follow.

A lot of people love a cup of high-quality coffee (or tea) bought at their favorite coffee shop on a daily basis. Imagine that instead of buying that cup, you save the money and invest (on a monthly basis, through an app such as Acorns or Stash) into a 50/50 mix of low cost stock index fund and investment grade bonds for an inflation adjusted after-fee return of 6% a year. How much would you accumulate by the time you retire? You will need to make the following assumptions:

1) Come up with a reasonable price for a cup of coffee (or tea). If you don't buy coffee every day, think of some other unnecessary daily or near-daily expense. In any case, you'll need that price.

2) Just add up the total monthly cost you spend on coffee (or something else) - this total monthly cost is your monthly investment (at 6% per year, but you can use 0.5% per month)

3) Determine your retirement date (how many years/months away)

How much would you accumulate by the time you retire?