You are not thrilled about spending your entire life working. So, you have decided that you will invest $10,000 today and retire as soon as you can accumulate $1 million. If you can earn an average of 12 percent per year on your savings, how long will it take before you can retire? (approximately) 55.56 years 0.44.13 years 40.64 years At this rate of return, you will never be able to retire with $1 million 37.68 years