Retirement Calculator Case 6

Satisfactory Essays
A - According to the AARP Retirement Calculator, I will need a minimum amount of $687,547.19 if I would like to retire at the age of 62, and my spouse at the age of 65. This amount is just an approximate number and it can be used calculate what we would need to support our preferred lifestyle through retirement. I will reach this financial goal by reducing my spending costs by $687,547.19 from now until the age of 62. In other words, I would need to drastically save and triple my current real income. B – I estimate that the amount needed upfront to reach 1 million dollars at the retirement age of 60 is $139,000, with a monthly contribution of
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