1. Consider the savings plan you developed in the discussion. How much did you determine you need to save each month? You do not need to repeat those calculations here, but just re-state your conclusion. 2. With the savings plan you developed in the discussion, the monthly payments might be difficult to maintain or to pay at all. Suppose you decide to wait 4 more years until you retire. What are your monthly payments with this plan? 3. Suppose you can find an account that earns interest at 4.1% interest instead. How does that change your monthly payments? (You choose how long until you retire in this question.) 4. State your conclusions and interpretations of these calculations I determined that I would need to save about 293,712.05 monthly. I honestly believe this is almost impossible to save. I am 26 years old. I hope to retire by the age of 65. I have 39 years until I can retire. 2. Based on how you want to live in retirement and any other sources of retirement income you have available how much money do you think you will need to draw from this savings account each year during retirement? In order to truly survive with bills and just everyday life and things that I may end up needing I will say about $20,000 1. Consider the savings plan you developed in the discussion. How much did you determine you need to save each month? You do not need to repeat those calculations here, but just re-state your conclusion. 2. With the savings plan you developed in the discussion, the monthly payments might be difficult to maintain or to pay at all. Suppose you decide to wait 4 more years until you retire. What are your monthly payments with this plan? 3. Suppose you can find an account that earns interest at 4.1% interest instead. How does that change your monthly payments? (You choose how long until you retire in this question.) 4. State your conclusions and interpretations of these calculations I determined that I would need to save about 293,712.05 monthly. I honestly believe this is almost impossible to save. I am 26 years old. I hope to retire by the age of 65. I have 39 years until I can retire. 2. Based on how you want to live in retirement and any other sources of retirement income you have available how much money do you think you will need to draw from this savings account each year during retirement? In order to truly survive with bills and just everyday life and things that I may end up needing I will say about $20,000