You are 30 years old and want to retire at 55. However, you do not want to start withdrawing your retirement accounts and social security until 62.You must, therefore, fund 7 years’ worth of living expenses and you estimate you’ll need $5,750/month during that period. If you earn 3% on any money invested in non-retirement accounts during the55-62 time period and can earn 6% annually on your investments prior to age 55, how much must you invest at the end of each month starting next month to fund your early retirement?
