Retirement in order to retire with enough money saved

Reference no: EM131008447

Planning to retire in 40 years. You plan to live for 30 years after retirement and can live on $50,000 a year. How much do you need to save each year until retirement in order to retire with enough money saved? Assume interest rates of 8% and that you $0 left when you die.

Reference no: EM131008447

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