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When you retire, you plan to live comfortably on $110,000 per year for 40 years. You still have 40 years until retirement, so how much
When you retire, you plan to live comfortably on $110,000 per year for 40 years. You still have 40 years until retirement, so how much money do you need to invest each year to live that comfortable life later? At retirement, you will stop investing. Your deposits and withdrawals will be end of period cash flows. The investment rate will be 10% compounded annually.
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