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Answer to Question #11940 in Other Management for John

Question #11940
•Starting with your current situation, describe what you must do to ensure an annual retirement income of $60,000 starting at age 65.
Expert's answer
Suppose current age is 35. If so, we need to invest $3,000 each year with a 14 percent annual return. We'd have an annual retirement income of nearly $60,000 at age 65

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