I have to make a retirement plan for a person to earn 500 k in 30 years

I don’t know where to start >.< but I have to include things such as interest, bonds, and real estate. Help me please?

It may seem like a pain, but this is a very good exercise to start thinking about planning for retirement. The sooner you start saving, the easier it is.

I’m not going to do your homework for you, but I think what your teacher is looking for is how much you’ll need to save on a regular basis (say, monthly) in order to achieve a balance of $500K in 30 years. To do this, you’ll have to assume a reasonable rate of return based on a hypothetical portfolio made up of stocks, bonds and (apparently) real estate.

You’ll probably have to do your own research and cite sources for this info, but historically, stocks have averaged about 9-10% growth per year; bonds have averaged around 5-6% growth per year; not sure about real estate, but real estate mutual funds have returned about 8-9% growth per year.

One more hint: the PMT function in Excel can make this exercise much easier, once you settle on a rate of return.

I hope that helps. Good luck!