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You have found that you need to have a total of $1,564,685 in savings at the time you retire, in 34 years. You currently only
You have found that you need to have a total of $1,564,685 in savings at the time you retire, in 34 years. You currently only have $25,493 saved up in your retirement accounts. If you anticipate that your 80/20 investment portfolio will return an average of 11.22%per year, how much extra must you save every year to reach your goal? Assume that you'll be saving the extra amount by the end of each year.
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