You have decided that you want to build enough retirement wealth that, if invested at $8\%$ per year, will provide you with $$60,000$

of income for $25$ years of retirement. Unfortunately, you believe that inflation is $3\%$ per year from now until you retire in $30$ years.

You think you will need more than the current $$60,000$ a year you need right now.

To date, you have saved $$100,000,$ but you still have $30$ years until you retire. You believe that you can earn $8\%$ on your

investments until you retire, and during your retirement.

How much more money do you need to contribute each year to reach you goals, with the inflation expectation over the next $30$

years? You will take your first payment the day you retire.

The FED has stated there will be no inflation $30$ years from now, that is after you retire. Good news for you and your planning!