Allison, age 40, earns $95,000 annually; her wage replacement ratio has been determined to be 70%. She expects inflation will average 3% over her entire life expectancy. She expects to work until 67, and live until 95. She anticipates a 7.5% return on her investments. Allison does not expect to receive any Social Security retirement benefits. 3. Calculate Allisons annual retirement needs in todays dollars. a. $29,000. b. $55,000. c. $66,500. d. $95,000.