John, age 52, has $100,000 served for retirement. He is currently saving 10% of his annual income of $50,000 on a monthly basis His employer matches his sasangs contributions with $2,000 annually, paid on a monthly basis. John projects that inflation will be 5 and he can earn 10% before and during retirement. John needs a wage replacement ratio of 80% of his preretirement income. He plans to retire at age 62 with Social Security benefits of S10,000 in today's dollars His life expectancy is age 100 7. After reflection, John wants to know at what age he can retire, assuming he continues to follow his current savings plan. Make a schedule for years 62, 64, and 66 so John can make informed decisions. 8. You remind John that if he waits until age 66 to reture, he will receive $14,000 in Social Security benefits in today's dollars rather than the reduced benefit of $10,000 he would receive at age 62. Would this addmonal cash flow suggest that he could retire at age 66 or perhaps earlier