Can anybody assist me with my microsoft excel undertaking ?
As an example, if we assume that a person is presently incomes $100,000 yearly with no financial savings and desires to attain both an 8% or 10% fee of return on their investments, they would want to save lots of between $312,500-$400,000 relying on which fee they’re focusing on. Which means that they would want to put aside roughly 31-40% of their present earnings every year for 30 years with a view to attain these targets.
It must also be famous that these figures are solely estimates and will change relying on varied exterior components resembling inflation charges or market situations. Due to this fact it’s important for people to frequently monitor their monetary conditions so as guarantee they continue to be on monitor in direction of attaining long-term aims whereas minimizing dangers related to funding portfolios.