If Derek plans to deposit $13,117.00 into his retirement account on each birthday beginning with his 26th and the account earns 4.00%, how long will it take him to accumulate $3,817,949.00?

Answer format: Number: Round to: 2 decimal places.

Derek decides that he needs $157,131.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $157131.0 on each birthday from his 66th to his 85.00th. How much will he need in his retirement account on his 65th birthday? Assume a interest rate of 6.00%.

Answer format: Currency: Round to: 2 decimal places.