You have 13 years until you retire. You want to withdraw $75,000 a year from your retirement account for 30 years after you retire. If you can earn 8% on your money, how much do you need to investment monthly until you retire to reach your goal?

When you retire, you want to receive annual payments of $50,000 the first year of retirement and then increase that amount by 3.5% each year over your expected 30 years of retirement. If you can earn 7.5% on your money, how much do you need to have when you retire?