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You plan on retiring in 22 years, but haven't saved anything yet. If your expected APR of your retirement savings is 5.9% and you have
You plan on retiring in 22 years, but haven't saved anything yet. If your expected APR of your retirement savings is 5.9% and you have a goal of retiring with $2 million, how much will you have to save each month to meet your goal? Note: Your answer should be pretty high. This is because is it rather difficult to save for retirement in a short period of time. If you are able to have a portion of this be employer-matched contributions, it would be much easier. Answer your monthly amount you need to save to the nearest dollar
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