Alexis has just started working full time this year and wants to start saving towards retirement. She is currently 25 years old and is earning a gross salary of $50,000 per year. Her current annual expenses total $30,000. She is planning to save what she has left each year in a taxable account. The amount she is able to save is expected to increase 2% per year for the first 10 years, 3% per year over the following 5 years and 4% per year for the remaining 20 years until retirement at age 60+. Her average tax rate is 25% and her marginal tax rate is 30%. She is expecting to earn a nominal rate of return of 6% before tax in her investment account. Her expected marginal tax rate in retirement is 20%.

• How much will Alexis have saved after the 35 years?
• BasedontheamountAlexiswillhavesavedatretirement,howmuchcanshewithdraweachmonthinretirementifsheisexpectedtoliveuntilage87?

Hello, Please I need help to answer this question. I am stuck.