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You want a one million dollar nest egg when you retire. At present, you have $30,000 saved and would like to retire in 20 years.

You want a one million dollar nest egg when you retire. At present, you have $30,000 saved and would like to retire in 20 years. To reach your goal, you have arbitrarily chosen to set aside $300 a month towards your goal. If you stay on track with your current plan, assuming an average annual return of 6%, how much will you have saved by retirement?

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