Using your answer to part 3, find the equal annual amount you would need to save every year from the age you input as now until the date you retire to reach the amount in answer 3, use the investment rate you chose above Answer to part 3 $3,891,461 89 Other information Age Now 22 Age at Retirement 55 Age Want to Receive Retirement Income Until 90 Investment Rate 9 Inflation Rate 2 Current Year's Salary 60,000 Amount You Have Already Saved for Retirement 1,000 Amount You Want to Leave to Heirs 50,000

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Question: Using your answer to part 3, find the equal annual amount you would need to save every year from the age you input as now

Using your answer to part 3, find the equal annual amount you would need to save every year from the age you input as now until the date you retire to reach the amount in answer 3, use the investment rate you chose above.

-Answer to part 3: $3,891,461.89

-Other information:

Age Now:	22
Age at Retirement:	55
Age Want to Receive Retirement Income Until:	90
Investment Rate:	9%
Inflation Rate:	2%
Current Year's Salary:	60,000
Amount You Have Already Saved for Retirement:	1,000
Amount You Want to Leave to Heirs:	50,000

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