Retirement Savings Flashcard

Front

To meet her retirement budget, how much will Lucía need to save total? Options: $500,000, $750,000, $1,000,000, $1,500,000

Back

$1,000,000

Front

If Lucía decides she can set aside $500 of her salary per month for retirement, how much will she have at age 67?

Back

$162,000

Front

If Lucía increases her saving rate to $750 per month, how short will she be?

Back

$400,000

Front

How much does Lucía need to save per month to reach her retirement goal?

Back

$1,800

Front

To meet her retirement budget, how much will Angélica need to save total?

Back

$1,000,000

Front

If Angélica saves $950 of her salary per month for retirement, how much will she have at age 67?

Back

$684,000

Front

What is Angélica's retirement budget per month?

Back

$3,000

Front

To meet his retirement budget, how much will Daniel need to save total?

Back

$4,000,000

Front

If Daniel sets aside $1,200 of his salary per month for retirement, how much will he have at age 67?

Back

$600,000

Front

Should Daniel save less than $1,200 each month?

Back

No, because he needs to meet his retirement goal.