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Lynda ( age 3 5 ) is a data analyst and earns $ 1 0 0 , 0 0 0 per year. She is an

Lynda (age 35) is a data analyst and earns $100,000 per year. She is an avid adventurer and would like to retire as early as possible. She currently pays total taxes of 40%(including state, federal, and payroll). She spends about $40,000 on required expenses, such as rent, food, etc. Although she spends a lot of money on frivolous items, she has savings of $200,000. Lynda is conservative and wants to assume a 6% annual investment rate of return and inflation of 3% per year. Based on her family history, Lynda expects that she will live to be 95 years old. Assuming she could live on $40,000 per year, how much would she have to save every year to retire at age 50?

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