If you decide to start saving for your retirement as soon as you start working (age 22)|and religiously put away $1000 a month in zero fee index funds (average returns 8% a year). How much will you accumulate by the time you are 65 ? b. Is the saving enough to support a comfortable retirement, given that you plan to spend 70,000 in todays dollars. Assume that inflation is 3% and that you will live till you are 90 and you keep your money invested in the same index funds. If you decide to start saving for your retirement as soon as you start working (age 22)|and religiously put away $1000 a month in zero fee index funds (average returns 8% a year). How much will you accumulate by the time you are 65 ? b. Is the saving enough to support a comfortable retirement, given that you plan to spend 70,000 in todays dollars. Assume that inflation is 3% and that you will live till you are 90 and you keep your money invested in the same index funds