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10) Brianna is age 35 and would like to know how much she needs to save annually to meet her retirement goals which include retiring

10) Brianna is age 35 and would like to know how much she needs to save annually to meet her retirement goals which include retiring at age 65. She currently makes $75,000 annually, and expects to receive Social Security of $15,000 in todays dollars. Inflation is expected to be 4 percent and his investments are projected to earn 9 percent. She would like to retire with an 80 percent wage replacement ratio.

How much does she need to save annually?

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