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Benazir is 60.She will retire when she turns 68.She wants to receive her first retirement distribution of $150,000 when she turns 69.She also wants to

Benazir is 60.She will retire when she turns 68.She wants to receive her first retirement distribution of $150,000 when she turns 69.She also wants to receive 2% more in every year after that and to receive a total of 30 annual retirement distributions.(Her last retirement distribution will be at age 98.)The retirement plan's expected annual rate of return is 8%.How much money does she need to have in her retirement savings today (at age 60) if she does not add any more this account until she retires?

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