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CW#$2$: F$.$I.R$.$E Movement Calculations

Directions: Show all relevant work for each problem.

Evan and Michelle want to retire early and estimate their yearly expenses to be $$37,850.$ How much money do they need to save to retire based on the $4\%$ rule?

Sophia has $$892,450$ saved for retirement. According to the $4\%$ rule, how much can she withdraw annually?

David plans to retire early and estimates his yearly expenses to be $$48,725.$ How much money does he need to save to follow the $4\%$ withdrawal rule?

Nathan has calculated that he needs $$2,870$ per month to cover his living expenses in retirement. How much does he need to save to follow the $4\%$ withdrawal rule?

Jayda wants to reach Barista Fire. She will continue to work part time to make $$1,000$ a month during "retirement." If she needs $$3,000$ total to cover living expenses a month, what is her FIRE goal?

Lucas wants to reach Barista F$.$I.R$.$E$.$ He will continue to work part$-$time to earn $$800$ a month during "retirement." If he needs $$2,500$ in total to cover his monthly living expenses, what is his FIRE goal?