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How much do you need to invest per year

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Question - You just celebrated your 40th birthday. Unfortunately, you find yourself with no retirement savings at all. Your financial adviser calculates that you will need one million dollars to retire at 65 years old, and that he can provide you with a real return of 6% per year. How much do you need to invest per year in order to retire at 65 with one million dollars?

Reference no: EM133036860

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