you can afford to save is $1 500 per​ year, but you want to retire with ​$1000000 in your investment​ account, you plan to retire in 29 years, how high of a return do you need to earn on your​ investments?

Suppose you want to have $400,000 for retirement in 25 years. Your account earns 7% interest. How much would you need to deposit in the account each month to reach your goal?Round your answer to the nearest cent as needed.

Which of these savings periods will result in the largest future amount when you retire at age 67, assuming any positive rate of return?ANSWERSave $2,000 a year from age 47 to age 67.Save $2,000 a year from age 42 to age 62.Save $2,000 a year from age 22 to age 42.

Your age is 30 years now and you plan to start saving for the retirement that will occur at the age of 60. To accomplish your retirement goals, you intend to save $2,000 at the end of every year until you retire. The first deposit will occur in one year from today and the last deposit will be made when you retire at age 60. Suppose that the retirement fund promises you a return of 8% per year: a) How much will you have saved for the retirement? b) Now assume that you don’t start funding towards your retirement savings instantly. Instead, you wait and start saving from the time you turn 35 years with your first deposit occurring at the end of that year. Calculate the amount saved for the retirement in this scenario. c) Redo part a) assuming that the retirement fund delivers 6% per annum compounded semi-annually.

You would like to have enough money saved to receive a $65,326 per year after retirement in perpetuity. How much would you need to have saved in your retirement fund to achieve this goal? Assume that the perpetuity payments start on the day of your retirement. The annual interest rate is 8 percent. (Round your answer in dollars to 2 decimal places, e.g. put 1204.42 if your answer is 1204.4243.)

You have $400,000 saved for retirement. Your account earns 9% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 20 years?