Today is your 21st birthday and you just decided to start saving money so you can retire early. Thus, you are going to save $500 a month starting one…

Today is your 21st birthday and you just decided to start saving money so you can retire early. Thus, you are going to save $500 a month starting one month from now. You plan to retire as soon as you can accumulate $1 million. If you can earn an average of 8 percent on your savings, how old will you be when you retire?33.39 years old