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Janet, age 4 0 , earns $ 9 5 , 0 0 0 annually; her wage replacement ratio has been determined to be 7 0

Janet, age 40, earns $95,000 annually; her wage replacement ratio has been determined to be 70%. She expects inflation will average 3% over her entire life expectancy. She expects to work until 67, and live until 95. She anticipates a 7.5% return on her investments. Allison does not expect to receive any Social Security retirement benefits. Calculate Allisons capital needed at retirement age 67.
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$1,709,569.80.
$1,837,787.53.
$2,359,975.87.
$2,463,081.61.

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