Third the answer to the second step gives you the total amount you will need to have by your five. You have five year to save starting at how much will you need to save in each o the next five years to reach your savings assuming you have 530,000 to start with and the rate of return on your savings is 55 per annum. The annuity amount you will need to save in each year 1 5 is answer to this problem. Third the answer to the second step gives you the total amount you will need to have by your five. You have five year to save starting at how much will you need to save in each o the next five years to reach your savings assuming you have 530,000 to start with and the rate of return on your savings is 55 per annum. The annuity amount you will need to save in each year 1 5 is answer to this