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Based on the number of years until your retirement, calculate the monthly savings required to build...

Based on the number of years until your retirement, calculate the monthly savings required to build a portfolio of $500,000. Assume you are starting with zero savings, can earn 6 percent a year, and that you start saving on the first of each month. What if you could earn 9 percent a year but wanted to save $750,000 - what would you need to deposit into savings monthly? My age is 48 and I will retire at 67.

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