Pepito wants to retire in 25 years. He currently makes $250,000 per year. His goal is to live in retirement with the same income, adjusted for inflation, for 30 years. Assume inflation is expected to be 4% for the rest of Pepitos life, his investment returns before retirement will be 8%, and his investment returns after retirement will be 5.5%. All answers rounded to the nearest dollar, and with the following format: Example, if the answer is $4,567.89, then type in as your answer, without the dollar sign or comma, 4568.

What is his inflation adjusted income requirement the day he retires? (Answer in first blank)

How much must Pepito have in his retirement account the day he retires if he plans to withdraw the inflation adjusted amount every year in retirement, starting at the beginning of his first year in retirement? (Answer in second blank)

How much must Pepito save at the end of each month from today until he retires in order to have sufficient funds in his retirement account to fulfill his retirement goal? (Answer in third blank)