Current Expense Amounts $($Jamie Lee and Ross Combined$)$

Fixed expenses: $$3,300$ per month Variable expenses: $$2,300$ per month

Estimated Income Amounts $($Jamie Lee and Ross Combined$)$

Social Security: $$2,400$ per month

Current IRA balance: $$92,000$

Estimated IRA withdrawal: $$250$ per month

Other investments: $$27,900$ per year

Estimated Annual Retirement Living Expenses

Estimated annual living expenses if retiring today

Number of years until retirement

Expected annual rate of return before retirement

Future value $($use Exhibit $1-$A$)$

Projected annual retirement living expenses, adjusted for inflation

$($A$)$ $$0$

Estimated Annual Income at Retirement

Social Security income

Company pension, personal retirement account income

Investment and other income

Total retirement income

$($B$)$ $$,59,700$

Annual shortfall of income after retirement $($A $-$ B$)$

$($C$)$

Expected years in retirement

$\backslash$table$[[$$$,28,800],[$$$,3,000],[$$$,27,900],[$$$,59,700],[,],[$$$,30]]$

Expected annual rate of return before retirement

$$5$

Expected annual rate of return on invested funds after retirement

$4$

Future value factor for a series of deposits $($use Exhibit $1-$B$)$

$($D$)$

Annual deposit required to accumulate the amount needed