You currently have $100,000 in the stock market.per annum return. You estimate that you will need $250,000 from this investment before you canretire. How many years are you from retirement?

Question

Quizplus · Accepted Answer

To find the number of years needed to grow $100,000 to $250,000, we use the formula for compound interest: Future Value = Present Value * (1 + r)^n, where r is the annual return rate and n is the number of years. Assuming a typical stock market return of around 7% per annum, solving for n gives approximately 8.1 years.

You Currently Have $100,000 in the Stock Market