If your goal is to retire with at least $1 million, how long would it take—and how much would you need to invest each month—if your anticipated rate of return is 10%? At what age could you retire if you started investing at age 25?

Answers

Answer 1

Answer:

There is no simple one size fits all answer to this question, because I need a few more variables to solve it. Or you can go to bankrate.com and use the millionaire calculator and figure it out on your own. I put a sample in the photo.

Hope this helps!;)

Step-by-step explanation:

1. Your age= 25

2. Target age=? obviously you don't want to be too old to spend it.

3. Current investments=? how much are you starting with 0 or more?

4. Savings per month=? only you know how much you can set aside out of your income

5. Expected rate of return=10%

6. Expected inflation rate= 2.9% (last I heard 2021)

If Your Goal Is To Retire With At Least $1 Million, How Long Would It Takeand How Much Would You Need

Related Questions

Evan used base-10 blocks to model the product of 3 and 0.51.

How can Evan use this model to determine the product?

Enter your answers in the boxes to correctly complete each statement.

Answers

Base 10 blocks are used to perform arithmetic operations.

To model the product of 3 and 0.51, Evan needs 3 copies of 5 tenths and 1 hundredths.

The expression can be represented as:

[tex]\mathbf{3 \times 0.51}[/tex]

Express 0.51 as 0.5 + 0.01

[tex]\mathbf{3 \times 0.51 = 3 \times (0.5 + 0.01)}[/tex]

0.5 means 5 tenths0.01 means 1 hundredths3 means that, the above blocks are needed in three places.

Hence, Evan needs 3 copies of 5 tenths and 1 hundredths.

Read more about base 10 blocks at:

https://brainly.com/question/7621712

Two trains leave stations 420 miles apart at the same time and travel toward each other. One train travels at 65 miles per hour while the other travels at 85
miles per hour. How long will it take for the two trains to meet?
Do not do any rounding.

Answers

Answer:

2hr 48 minutes

Step-by-step explanation:

65t + 85t = 420

150t = 420

t = 2 120/150 = 2 4/5 = 2hr 48 minutes

Time taken by two trains to cover 420 miles is 2hr 48 minutes.

Given, that two trains are travelling towards each other.

Relation between speed, time and distance:

Distance = Speed × Time

When the two trains are travelling towards each other the speeds of two trains are added.

When the two trains are moving in same direction then the relative speed is difference of the two.

So, here the trains are moving towards each other.

65t + 85t = 420

150t = 420

t = 420/150

t = 42/15

t = 2hr 48 minutes

Therefore total time required by two trains to meet is  2hr 48 minutes.

Know more about speed, time and distance,

https://brainly.com/question/31756299

#SPJ3

three angles of a quadrilateral are 34°, 70° and 126°. find the measure of the fourth angle. ​

Answers

Answer:

130 will be correct answer

Step-by-step explanation:

The three angles are

34° 70° and 126°

we have to find fourth angle

let us consider fourth angle as X

The sum of quadrilateral is 360°.

So

34°+70°+126°+ x = 360°

130+X =360°

X = 360°-130°

X = 230°

Here we got the fourth angle

I have more question then this

Answers

Answer:

A reflection over the y axis

Step-by-step explanation:

Because reflection is an image produced by or as if by a mirror.

Eight more than the difference of −5s and −6s is equal to the sum of 3 and 7

Answers

3 + 7 = 10

10 - 8 = 2

-5s - -6s = 2

s = 2

Answer:

s=2

Step-by-step explanation:

-5s + 6s + 8 = 3 + 7

s + 8 = 10

s + 8 - 8 = 10 -8

s = 2

The ratio of green pepper plants to red pepper plants in Adeline's garden is 3 to 5. If there are 20 red pepper plants, how many green pepper plants are there?

A. 35
B. 16
C. 12
D. 6

Answers

the answer is C 12


explanation:
4x5 is 20
4x3 is 12
process of GCF to find the ratio

I am using remainders

Answers

Answer:

Step-by-step explanation:

Is there an image or question?

Thembi leaves school at 07:10 to get to school at 07:45. How long does it take her to school and home each week?​

Answers

Its takes 350 minutes

I don’t get this at all help.?

Answers

Answer:

Step-by-step explanation:

a) Volume of prism: 6 units x 4 units x 7 units = 168 cubic units

b) Area of shaded base: 4 units x 7 units = 28 square units

Volume of prism: 6 x 4 x 7


The measure of angle STV is 117°. What is the measure of angle UTV

Answers

Answer:

117 - 86 = 31°

The answe is 31

Yesterday, Kofi earned 50 Cedis mowing lawns. Today, Kofi earned 60% of what he earned yesterday mowing lawns. How much money did Kojo earn mowing lawns today?

Answers

The amount of money that Kojo earn mowing lawns today is 30 cedis

To determine the amount of money that  Kojo earn mowing lawns today we are going to multiply the amount she earn by the her earning percentage.

Using this formula

Amount=Earning × Earning rate

Where:

Earning=50 cedis

Earning rate=60%

Let plug in the formula

Amount=50×.60

Amount=30

Inconclusion The amount of money that Kojo earn mowing lawns today is 30 cedis

Learn more here:

https://brainly.com/question/24285252

Since Kofi earned 60% of what he earned yesterday mowing lawns, today he earned 30 Cedis.

Given the following data:

Amount earned yesterday = 50 Cedis.Percentage today= 60%

To find how much money Kojo earn mowing lawns today:

In this exercise, you're required to find the amount of money earned by Kofi, if he was able to make certain amount of money the previous day.

Hence, we would determine what percentage of the money he earned today.

[tex]Today's\;earnings = \frac{60}{100} \times 50\\\\Today's\;earnings = \frac{3000}{100}[/tex]

Today's earnings = 30 Cedis

Read more: https://brainly.com/question/1015081

DO NOW: What is the surface area of the cube? 4 in 4 in 4 in​

Answers

Answer:

96 in^2.

Step-by-step explanation:

It has 6 surfaces each of area 4*4 = 16

Answer is 6*16 = 96.

please help algebra ii!

Answers

Answer:-4

Step-by-step explanation:we can easily see it on the graph

Yeah and that is what’re the point is on the graph

Help pleaseeeeeeeeeeeeeeeeee

Answers

Answer:

Step-by-step explanation:

22

How much does each piece cost individually?

Answers

Answer:

500 for sofa

Step-by-step explanation:

help please?

The janitor at a school discovered a leak in a pipe. The janitor found that it was leaking at a rate of 13 fl oz per hour. How fast was the pipe leaking in gallons per day​?

Answers

1.6875 gallons per day
the answer is 1.6875

A truck can be rented from Company A for $110 a day plus $0.50 per mile. Company B charges $80 a day plus $0.75 per mile to rent the same truck. Part A: Write an equation to find the number of miles in a day at which the rental costs for Company A and Company B are the same. Part B: Solve the equation.

Answers

m=number of miles

A=$110+$0.50m

B=$80+$0.80m

$110+$0.50m=$80+$0.80m Subtract ($80+$0.50m)

$30=$0.30m Divide each side by $0.30

100=m ANSWER: More than 100 miles must be driven per day to make Company A a better deal.

How do you write 0.8 as a percentage?

Answers

0.8 as a percentage is 80%

Answer:

.8 equals 80%

Step-by-step explanation:

To find the percentage you multiply the decimal by 100 so .8 multiplyed by 100 equals 80 or 80%

Work out the following:

a) 3/4 - 7/9 + 2/3

Answers

Answer: 23/36

Step-by-step explanation:

[tex]\frac{3}{4} -\frac{7}{9} +\frac{2}{3}[/tex]

You need to find a common denominator.

The common denominator is 36. You have to get all denominators to 36.

How to do that?

Example = [tex]\frac{3}{4} *\frac{9}{9} =\frac{27}{36}[/tex].

Do that to all the fractions.

[tex]\frac{27}{36} -\frac{28}{36} +\frac{24}{36} = \frac{23}{36}[/tex]


A man is 23 years old. His sister is 11 years old. How many years ago was the man 3 times older than
his sister ?

Answers

23 11
20 8
18 6

Five years ago

What is the system of measurement used most often in the United States?
customary
converted
metric
similar

Answers

metric is the system of measurement used most often in the United States

PLZ HELP ME SOMEONE!!!

Answers

Answer:

131

Step-by-step explanation:

Hope this helps

Answer:

the answer is 130.9 round it up and you get 131

Step-by-step explanation:

In the number 6855 is the 800 1/10 of 6000

Answers

Answer:

No

Step-by-step explanation:

Can someone pls help me plsss

Answers

Answer:

the first one

Step-by-step explanation:

1/2 and 1/5 common denominator is 10

CAN Someone PLS HELP ME PLSSSSSSSSSSSS

Answers

Answer: where is the rest of the problem

Step-by-step explanation:

-$107.85

विपरीत अर्थवाले शब्द लिखिए ।

1. नदी २. इच्छा ३. आशा ४. अपकार​

Answers

Answer:

sorry I can't understand the word

What is the opposite of -1.2

Answers

Answer:

1.2

Step-by-step explanation:

it's so easy it's 1.2

Answer:

The opposite of -1.2 is 1.2

The opposite of a negative number is always a positive number and vice versa.

Hope this helps you!

~Just a joyful teen

[tex]GraceRosalia :)[/tex]

Write an absolute value equation of the form |ax+b|=cx+d that has no solution. Assume that a, b, c and d ≠0

Answers

Answer:

|x+1| = x - 1   has no solution.

Step-by-step explanation:

One interpretation of |x - a| is “the distance between the numbers x and a. So |x - b| = c means that the distance between x and b is equal to c . For this to have any solutions, we need c >= 0. When c >0 there will be exactly two solutions, one to the left of b and one to the right of b. When c = 0, the solution is unique: x = b. So, now you should be able to select the only values for b and c that produce the desired set of solutions.

8x - 8 - x = 3 (6 - 2x)

Answers

Answer:

x = 2

Step-by-step explanation:

8

8

=

3

(

6

2

)

{\color{#c92786}{8x}}-8{\color{#c92786}{-x}}=3(6-2x)

8x−8−x=3(6−2x)

7

8

=

3

(

6

2

)

Louise had 425 marbles. She sold them in bags of 25. How many bags of
marbles did Louise have to sell? ?

Answers

Answer: 17 bags

Step-by-step explanation:

425/25= 17

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