Question: When provided the following data points, how do I determine: the amount needed in total for25years of retirement, and If I start making deposits in

When provided the following data points, how do I determine: the amount needed in total for 25 years of retirement, and If I start making deposits in one year and make the last deposit on the day I retire, what amount must be deposited annually to be able to make the desired withdrawals at retirement?

Years until retirement: 30

Amount to withdraw each year: $ 95,000

Years to withdraw in retirement: 25

Interest rate: 8.0%

Inflation rate: 2.0%

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