Retirement Savings Quiz

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

• $500,000

• $750,000

• $1,000,000

• $1,500,000

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

• $162,000

• $180,000

• $200,000

• $220,000

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

• $300,000

• $400,000

• $500,000

• $600,000

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

• $1,200

• $1,500

• $1,800

• $2,000

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

• $500,000

• $750,000

• $1,000,000

• $1,250,000

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

• $342,000

• $456,000

• $684,000

• $912,000

What is Angélica's retirement budget per month?

• $2,000

• $2,500

• $3,000

• $3,500

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

• $1,000,000

• $2,000,000

• $3,000,000

• $4,000,000

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

• $500,000

• $600,000

• $700,000

• $800,000

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

• Yes, because he will have enough with less savings.

• No, because he needs to meet his retirement goal.

• Yes, because he can invest the rest elsewhere.

• No, because saving more is always better.