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Silvia wants to retire at 65 and live on $40,000 a year. How much does she need to save to ensure that her retirement funds last until she is 85?

Silvia wants to retire at 65 and live on $40,000 a year. How much does she need to save to ensure that her retirement funds last until she is 85?
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Silvia wants to retire at 65 and live on $40,000 a year. How much does she need to save to ensure that her retirement funds last until she is 85?

User Louis Stephens
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8.1k points

2 Answers

4 votes
I'm not 100%sure but I got 800,000
User Marcus Walser
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2 votes
Hey You!

85 - 65 = 20

40,000 × 20 = 800,000

She must save 800,000 because that's how much she'll need in those 20 years of retirement.
User Rudra Murthy
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8.2k points
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