Assuming contributions of $2 000 per month do not change over the next 35 years, and the fund has the capacity to grow at 8% p.a. compounded monthly, how much will George and Stephanie's index funds be worth at 60 years old? Show formula, variables, calculations and a concluding statement in your response. 

Based on historical data, George expects the value of their property to grow by 4.5% p.a. 

What will the value of their entire portfolio (property and index fund combined) be worth when George reaches 60 years old?