John is working in sales. He is looking to retire at $70$ and hope to live to $98$ and make $$3200$ a month from an account compounding monthly at $4\mathrm{.}5\%.$

He is currently $30$ and is going to deposit $$700$ at the beginning of each quarter until he is $70$ in an account that pays $8\mathrm{.}5\%$ and is compounded quarterly.

Will George have enough is his account to secure the monthly payment of $$3000$ after his retirement?