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Your goal is to build a nest egg of $1M over the next 30 years,...

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Finance

Your goal is to build a nest egg of $1M over the next 30 years, then retire and live from the interest that you earn on your $1 million nest egg. If the interest rate is 6%, then you could withdraw $1M*6% = $60,000 per year forever. That would be really nice. How much do you have to save each year to build such a nest egg in 30 years? Enter your answer rounded to the nearest dollar (ex. $10,432.63 = 10,433)

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