Suppose you get a job offer from an investment bank, and your compensation package is the following:

-Your annual income (including salary and bonus) will be $70,000, among which $49,000 is the basic salary and $21,000 is the end-of-year bonus.

-Your employer will match your deposit in your 401k plan, but the amount of match money will be capped by 6% of your salary.

If you decide to input 8% of your salary in your 401k account each month and expect to make 10% return, at time when you retire, how much money will you have in your 401k account?

If you need $1.5 million dollars for your retirement life, based on the above investment in your 401k plan, at what age can you retire to enjoy life if you are 22 years old currently?