Assume you want your first retirement withdrawal, taken immediately upon retirement, to be $155,000 at age 65. Also, let's assume you want each of the remaining (24) withdrawals to increase by 2% annually. Assume your retirement account will still earn an 8% expected annual return.

• How much will you need in your retirement account at age 65 to fund this desired retirement income stream?
• How much will you have to deposit annually at the end of each year into your account over the next 43 years to fund this desired retirement stream?