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You want to retire in 25 years, and estimate that $5,000 a month allows you to live comfortably. Right now you have $85,000 in your

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You want to retire in 25 years, and estimate that $5,000 a month allows you to live comfortably. Right now you have $85,000 in your 401k, and are contributing $500 a month to it. Your 401K is expected to earn an average of 7.5% APR until you retire, after which you plan on buying an annuity that'll earn 4.25% APR. Assume the $5.000/month during retirement needs to last 30 years. How much money will you need to retire? About $750,000 $ About $1,150,000 About $ 1,100,000 About $800,000 About $1,000,000 About $700,000 About $1,200,000 About $1,300,000 About $ 1,100,000 About $800,000 About $1,000,000 About $700,000 About $1,200,000 About $1,300,000 About $950,000 About $850,000 About $900,000 How much more, if any, per month will you need to save to meet your financial goals? About $190 About $110 About $128 None. About $207 About $235 About $30 About $55 About $133 About $250 About $190 About $110 About $128 None. About $207 About $235 About $30 About $55 About $133 About $250

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