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You want to have $ 3 , 0 0 0 , 0 0 0 saved by the time you retire which is in 5 5

You want to have $3,000,000 saved by the time you retire which is in 55 years. You can invest your money in a portfolio that is estimated to earn 12% per year. You have no money saved today but would like to start investing starting at the end of this month. How much do you need to save each month?

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