salary, and is already looking forward to retirement in 4040 years. He assumes a 2.22.2 percent inflation rate and plans to live in retirement for 2020 years. He does not want to plan on any Social Security benefits. Assume Grady can earn a 1010 percent rate of return on his investments prior to retirement and a 66 percent rate of return on his investments post-retirement to answer the following questions using your financial calculator. Grady wants to replace 90 percent of his current net income. What is his annual need in today's dollars? Using the table a. b. 1, Grady thinks he might have an average tax rate of 1313 percent at retirement if he is married. Adjusting for taxes, how much does Grady really need per year, in today's dollars? C. Adjusting for inflation, how much does Grady need per year in future dollars when he begins retirement in 4040 years? d. If he needs this amount for 2020 years, how much does he need in total for retirement? (Hint: Use the inflation-adjusted rate of return.) e. How much does Grady need to save per month to reach his retirement goal assuming he does not receive any employer match on his retirement savings?