Michael is 26 years old and he is about to start his first full-time job. He is currently single and he is willing to take the appropriate risk he needs to prepare for retirement. His starting annual salary is $48,000 and he has no retirement savings yet. His employer will match 100% of his contributions up to the first 3% of his salary to the companys 401(k) account. Use this link to determine his retirement saving needs: