You are currently 30 years old and want to retire in 35 years at age 65. You want to take out $175,000 per year until your death at age 90, as you plan on living 25 years after retirement. If annual inflation rates are 6%, and investment rates are 9% How much money per MONTH do you have to put into an account in order to reach your RETIREMENT goal? Reference the below formulas to answer your question PV-FV/(1+ FV-PV1+t PVA-PMT (1-1 / PVA-PMT (1-(1+/12-(12/12) FVA-PMT 10-1)/ FVA-PMT 1+/12(12-1)/(12)