Table_of_monthly_investments_for _retirement_AnS_311_s11

Table_of_monthly_investments_for _retirement_AnS_311_s11 -...

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Table 1. Amount of monthly investment needed to reach a sum of $500,000 by age 63 __ ______________________________________________________________________ Age to Age to Number of Rate of return on investment Begin Saving Stop Saving Years Investing 6% 7% 8% 23 63 40 $260 $201 $154
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Unformatted text preview: 33 63 30 $510 $425 $353 43 63 20 $1097 $980 $873 __ _______________________________________________________________________ Note: A monthly investment of $521 from age 23 to 63 is needed to reach a goal of $1,000,000 assuming a 6% rate of return on investment....
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