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You expect Soclal Security will replace 20% of your income. Your average annual career income is $100,000. Since you plan to travel more frequently throughout

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You expect Soclal Security will replace 20% of your income. Your average annual career income is $100,000. Since you plan to travel more frequently throughout your retirement years, you think you will need an 805 wage replacement rate in retirement. Even though a 4% withdrawal rate from your portfolio is a common guideline, you intend to withdraw 5% from your retirement savings annually. Approximately how much money will you need to have sived in today's dollars at retirement? $800,000$1,500,000$1,200,000$600,000

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