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Future Value to Retire in 25 Years

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Assuming you can earn 11% a year on your 401k money over the next 25 years, how much will you need to save every year to reach your retirement goal in 25 years?

Interest Rate (Rate): 11%
Number of years: 25
Annual withdrawals amount (PMT) -50,250.67

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Solution Summary

The expert determines the future value to retire in 25 years.

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The amount needed at the start of retirement is $427,812.28.
What we save each year would be in the form of ...

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