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You would like to retire drawing $120,000 a year from your retirement account. You would like your retirement account to fund you for 30 years.
You would like to retire drawing $120,000 a year from your retirement account. You would like your retirement account to fund you for 30 years. You intend to fund your retirement account at $850 a month while you work. You expect the account will earn at least 5% a year. About how many years must you work before you can retire?
37 years | ||
43 years | ||
47 years | ||
54 years |
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