Bounty
January 25th 2008, 10:03 AM
If I want to reach a $100K pot on my retirement in 20 years time and I'm assuming my salary will increase at 5% pa and interest is 7%, what do I divide the $100K by to be able to calculate what % of my salary I need to pay each year to reach the $100K in 20 years. Assume current salary is $20K?
Thanks!
Thanks!