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Your employer offers a 401(k) plan with a 45% match, and you set a goal of retiring in 27 years with an amount of money
Your employer offers a 401(k) plan with a 45% match, and you set a goal of retiring in 27 years with an amount of money which has the same buying power that 2 million dollars has today. If the account earns an annual interest rate of 1.3% and the expected annual rate of inflation is 1.9%, how much should you contribute each month to the 401(k)?
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