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You want to have $4 million in your taxable investment account when you retire after 45 years. You currently have $10,000 in your investment accounts.
You want to have $4 million in your taxable investment account when you retire after 45 years. You currently have $10,000 in your investment accounts. You are in the 20% marginal income tax bracket. Your account earns 7% annually. How much do you need to invest at the beginning of each month for the next 45 years to reach your retirement goal? N=45I=7PV=10000PMT=FV=4000000 You want to have $4 million in your taxable investment account when you retire after 45 years. You currently have $10,000 in your investment accounts. You are in the 20% marginal income tax bracket. Your account earns 7% annually. How much do you need to invest at the beginning of each month for the next 45 years to reach your retirement goal? N=45I=7PV=10000PMT=FV=4000000
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