Jamie Lee and Josh, now 57 I have plenty of time on her hands Jamie Lee and Ross are just a few short years from realizing their goals of retiring at 65 and purchasing a home at the beach

if they're fixed expenses, total 3900 a month and their variable expenses total 2900 a month what would be their estimated annual living expense be if they retire today

They have eight years until retirement and the estimated annual rate of return before retirement is 5% which would be a future value of 1.477. What would the projected annual retirement living expenses adjusted for inflation be