Each Section should be completed in a separate spreadsheet tab and all calculations should be performed using Excel formulas:

You plan to retire when you are 60, which is exactly 38 years from now, with a goal of having $8,000,000 in the bank on the date that your retire. Assume you save $45,000 per year for the next 38 years (depositing each years savings at the end of each year) and earn a 7.0% rate of return from the investments you make with your savings. Will you achieve your $8,000,000 goal when you are 60?