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Posted on Sep 10, 2024

You want to have $ 6 0 0 , 0 0 0 in savings when you retire in 3 0 years. Your monthly salary is

You want to have $

600, 000

in savings when you retire in

30

years. Your monthly salary is expected to grow by

0.6 %

every month between now and your retirement date and you always save a constant fraction of your salary. The interest rate is

9 % (

EAR

) .

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