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Mariangela is 4 5 years old. She works as a software engineer at Ciscoland and has a current salary of 1 4 0 , 0

Mariangela is 45 years old. She works as a software engineer at Ciscoland and has a current salary of 140,000. She has come to you, a financial advisor that is specializing in the tech industry to help her with her comprehensive financial plan. You have helped her identify that she would be able to maintain her lifestyle at retirement with a wadge replacement ration of 85%. The inflation expectation is an average of 4% for her life expectancy. She expects to earn an average of 10% on her investments and she would like to retire at age 65. She has told you that her ancestors have lived long lives so she wants to assume that she will live till she is 95 years old. Her social security statement indicates her social security retirement benefit in today's dollars to be 35,000 at age 67. She will make her retirement savings contributions at the end of each month. What is the monthly savings amount needed to support an inflation-adjusted 85% WRR under the pure annuity model. Please note that she has been able to save for retirement 650,000 so far. (Please note if your answer is slightly off -a few dollars- due to rounding, pick the answer closest to what you have calculated).
$25,717.78
$2,453.46
$2,661.76
$3,819
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