: Your financial advisor has shared that you need at least $70\%$ of your current earnings in retirement and that you should explore a $30-$year retirement timeframe. You make $$90,000$ a year. Assume that your annual raises keep pace with inflation $($so the noted salary is in real terms$).$ Further, assume that you anticipate some social security, specifically $$15,000$ a year $($keeping pace with inflation.

$$ How much money per year do you anticipate that you will need to come from your $401($k$)?$

$0\mathrm{.}7*90,000=63,000$

$63,000-15,000=48,000$

$$ How much is your total need for retirement to come from your $401($k$)?$

$48,000*30=1,440,000$

$$ Assume you are $25$ years old now and will retire at age $67.$

$1.$ How much would you have to save from each paycheck, assuming you are paid bi$-$weekly, if you earn an average annual rate of return of $7\%($APY$)?$

o P $=(1,440,000*(0\mathrm{.}07/26))/(1+(0\mathrm{.}007/26))42*26-1$

$2.$ How much would you have to save from each paycheck, assuming you are paid bi$-$weekly, if you earn an average annual rate of return of $8\%($APY$)?$

$3.$ How much would you have to save from each paycheck, assuming you are paid bi$-$weekly, if you earn an average annual rate of return of $9\%($APY$)?$

$$ Identify three additional qualitative or quantitative factors that should be considered as part of one$$s retirement analysis.