Asked by jan

You currently have $22,500 in your retirement account. What annual rate of return will you need to make on your investment in order to have $1,000,000 in the account on your 60th birthday? Will investing in CDs get you to your goal?

Answered by Ms. Sue
That depends on your age today.

Answered by Ms. Sue
You will also continue to contribute to your retirement account.

There are no AI answers yet. The ability to request AI answers is coming soon!