You deposit $10,000 in an account and plan to continue to deposit $7,500 per year into the account. How many years will you need to save in order to reach $1,500,000?

You think you will need $25,000 per year, at the beginning on each year, to supplement your retirement income. If you earn 6.5% and need the money to last for 30 years, how much do you need in the account when you retire?