Hello AI. I am planning my long-term financial future using the Money Habit system. I need you to perform a calculation based on these inputs:
1. **Starting Amount (Principal):** [Insert your current investment savings balance, e.g., $5,000]
2. **Investment Goal (Target):** [Insert your desired savings goal, e.g., $1,250,000]
3. **Timeline:** [Insert the number of years you have to save, e.g., 25 years]
4. **Expected Return Rate:** Please use a conservative, compounded annual return rate of 4.75% (reflecting a mix of stocks and bonds adjusted for inflation).
Based on these numbers, please calculate the following:
* **Required Daily Contribution:** The fixed amount I need to save every day to hit my target.
* **Required Weekly Contribution:** The fixed amount I need to save every week to hit my target.
* **Required Monthly Contribution:** The fixed amount I need to save every month to hit my target.
Also, please answer this question using the 4% Rule and the 75% Rule mentioned in The Money Habit (assuming a 4% safe annual withdrawal rate from the total principal and a required annual income of 75% of my current income):
* **If my current usable household income is** [Insert current annual income, e.g., $100,000], **how large must my investment principal be to generate 75% of that income (e.g., $75,000) every year, living off the interest alone?**
Thank you for helping me find my financial coordinates!
