You are 50 years old and proud of having $75,000 invested in a mutual fund earning an impressive 17% per year. you want to retire when you are 65 years old and are confident you'll reach your goal of $1,000,000 by then. will you make it? if not, what yield would see that you do?

Question

Clinton

Business

21 June, 09:02

You are 50 years old and proud of having $75,000 invested in a mutual fund earning an impressive 17% per year. you want to retire when you are 65 years old and are confident you'll reach your goal of $1,000,000 by then. will you make it? if not, what yield would see that you do?

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Gabriela Downs · Answer 1

I am really not sure but i will be honest with you i would have to say yes he will make it but if he don't he could always ask for a raise to make his goal