$ for Savings (from Budget): $ 110,000 *Use the annual number

Match: 3%

Expected Return: 7%

Years: 35

Assuming you have a retirement savings goal of $3 million at age 65, how much would you need to save monthly to meet that goal if you can earn a 7% annual return on your investments (assume you have nothing saved today and 35 years until retirement)? Please show formula and work in excel! Thank you!