1. You are wondering about retirement. You think youll need $100,000 per year to cover all your expenses, and plan on spending 30 years in retirement. If your account in retirement earns 6% return annually, how much do you need in the bank to retire (your number)?

2. Based on the above, how much would you need to put into a 401k annually, assuming you would make deposits of equal amounts every year, for 40 years, if your 401k earned 7% annually?