You want to retire has a millionaire how much do you need, Financial Management

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You want to retire has a millionaire how much do you need

You want to retire has a millionaire. How much do you need to put away each month if:

A. You use common stocks and have an average return of 10%?

B. You use corporate bonds and have an average return of 6%?

C. You use government bonds and have an average return of 4%?

D. You put your money in a CD at 2.5% interest rate? (Please use your own age. If you are over 45, please solve for saving a $100,000.)

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Financial Management: You want to retire has a millionaire how much do you need

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