How to Replace a Hundred Thousand Dollars at Retirement

We know right now, for someone who's forty five years old, the meeting income is about 54 thousand dollars a year. So if they wanted to replace that level of life style when they get to retirement, they would need to save,. by age 65, about one point nine, just shy of two million dollars for retirement. We assume that our wages increase at about three % a year and we can grow our investments at about eight%. And when we retire, we have a five percent long term tit draw rate how much we need to save.