You are 35 yearsold, and decide to save $5,000 each year(with the first deposit one year fromnow), in an account paying 8% interest per year. You will make your last deposit 30 years from now when you retire at age 65. Duringretirement, you plan to withdraw funds from the account at the end of each year(so your first withdrawal is at age66). What constant amount will you be able to withdraw each year if you want the funds to last until you are age 90?

The total savings at age 65 is $

nothing

. (Round to the nearestdollar.)

The amount you will be able to withdraw each year until you are 90 is $

nothing

. (Round to the nearestdollar.)