Savings Amount Needed. Brenda and Dan Domico, of Weatherford, Texas, desire an annual retirement income of

$40,000. They expect to live for 30 years past retirement.

Assuming that the couple could earn a 3 percent after-tax and after-inflation rate of return on their investments, what amount of accumulated savings and investments would they need? Use Appendix A-4 or the Garman/Forgue companion website to solve for the answer.

AppendixLO1