Solved: How much do you need to put away every year for retirement, Finance Basics

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How much do you need to put away every year for retirement

Question:

If you wanted to retire on 75k per year, and you are 35 years old and have 25k saved, how much do you need to put away every year so that you can retire? Please tell me what rate of return you would use and why. We will assume you will live for 25 years after you retire. For this exercise, you can spend every penny and not worry you will outlive your money.

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Finance Basics: How much do you need to put away every year for retirement

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