If I want to retire at 62 and have annual income of $100,000 until I am 84, how much do I need to have in savings when I retired. To get that lump sum, how much do I need to put away each year. I am 24 today and think I can earn 5% during the entire time.
also,
I can only put away $2,000 a year toward retirement. I am 22 and plan on retiring at 65 and earning 6%. How much will I have at retirement? If I need it to last for 15 years, how much will I have per year to live on.
TYVM!
also,
I can only put away $2,000 a year toward retirement. I am 22 and plan on retiring at 65 and earning 6%. How much will I have at retirement? If I need it to last for 15 years, how much will I have per year to live on.
TYVM!