WorksheetsRetirement Savings Quiz
Total questions: 12
Worksheet time: 6mins
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.
What factors led to Daniel being able to save nearly double the amount that Angélica did?
Higher salary and lower expenses
Better investment returns
Longer saving period
All of the above
What assumptions does the retirement calculator make?
Assumes constant salary and expenses
Assumes variable interest rates
Assumes early retirement
Assumes no inflation
