Today is your 24th birthday and you just decided to start saving money for retirement. Thus, you are going to save $450 a month starting one month from now. You plan to retire as soon as you can accumulate $2 million. If you can earn an average of 8 percent annually on your savings, how old will you be when you retire? 71.3 years old None of the answers is correct. 54.4 years old 63.5 years old 42.9 years old