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You want to retire has a millionaire. How much do you need to put away each month if: You use common stocks and have an
- You want to retire has a millionaire. How much do you need to put away each month if:
- You use common stocks and have an average return of 10%?
- You use corporate bonds and have an average return of 6%?
- You use government bonds and have an average return of 4%?
- You put your money in a CD at 2.5% interest rate?
(Please use your own age. If you are over 45, please solve for saving a $100,000.)
I am 33 years old and want to retire at 65 years old.
I need to see the calculations. I have already posted this question once and the "expert" did not provide the calculations.
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