I have $40,000 today toward my eventual retirement that will earn 14% interest over the period. I want to have $500,000 at at the retirement date. How many years away from retirement am I?
Tags: Away, date, eventual retirement, interest, Many, period, Retirement, Today, Years
This entry was posted on Tuesday, September 8th, 2009 at 9:47 am and is filed under Retirement. You can follow any responses to this entry through the RSS 2.0 feed.
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This isn’t going to happen you could do the math but nobody is getting 14% and you can’t retire on $500K.
not possible
about 19 and a quarter years, assuming no taxes and compounded.