How many years away from retirement am I?
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?
Public Comments
- 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.
