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Your career goal is to retire as a millionaire. You plan to save money at the end of each pay period into a 401(k) retirement
Your career goal is to retire as a millionaire. You plan to save money at the end of each pay period into a 401(k) retirement account. You are paid every 2 weeks (assume each year has exactly 52 weeks). Assume you will retire in 45 years and average an annual total return of 8% in your 401(k). If you start at the end of this pay period, how much do you need to save every 2 weeks to meet your goal and retire with a balance of $1,000,000 ? $43.34$86.93$2.587.28$12,507.13$27,475.16
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