You have saved up $150,000 to invest for retirement. You would like to earn $200,000 in interest, and you think you will earn an average of 6% interest in the stock market. How many years will you need to invest your money to meet your goal?

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joneselise1983 joneselise1983

03-11-2021
Mathematics

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You have saved up $150,000 to invest for retirement. You would like to earn $200,000 in interest, and you think you will earn an average of 6% interest in the stock market. How many years will you need to invest your money to meet your goal?

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ilovato0001 ilovato0001 · Answer 1 · 2021-11-05T13:04:07-04:00

ilovato0001 ilovato0001

05-11-2021

Answer: What percentage to save for retirement?

Saving 15% of income per year (including any employer contributions) is an appropriate savings level for many people. Having one to one-and-a-half times your income saved for retirement by age 35 is an attainable target for someone who starts saving at age 25.

Step-by-step explanation: That's the answer I got it right! lol!

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