Question

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?

Answer 1

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!