Now lets assume you are 10 years into saving for your retirement, so 10 years older than what you chose as your age now and assume you earned 2% less than expected on your investments and you ended up putting away only half as much as you assumed above. Now calculate the equal annual amount you would need to save every year to still save to the amount in part 3, assuming you can now earn the assumed investment rate.

Age28

investment rate 12%

answer #3 823,663.55

#4 11.163.68