Question

1. Lynn has learned that she will need to save $1 million dollars to support her current lifestyle if she

Answer 1

Answer:

Given 40 years of time to plan in advance for retirement, Lynn would only need to save $25000 per year to end up with $1 million, which is attainable.

Step-by-step explanation:

Lets say that she starts planning for retire with 40 years in advance instead of just 15, if that is the case, then she would need to save $1.000.000/40 = $25.000 per year, which is a pretty big ammount but it is much more  attainable than $67000, since it is only a third of her annual income.