$$ Take the amount you are saving of $1,067\mathrm{.}3$ and Calculate the future value of your retirement savings using future value calculations.

$$ The rate of return you should be $5\%$

$$ Use your age $(30)$ to calculate how much you will have for retirement if you work until you are $62,65,$ & $72.$

Calculate how much you will have to spend in retirement:

$$ Assume that you will live until you are $95,$

$$ Use the PMT calculation in Excel to determine how much you can spend per year in retirement if you retire at $62,65,$ or $72.$

$$ Use the same rate of return you used above.

$$ Is this realistic for you to spend in retirement?