You want to retire in 40 years. After retirement, you want $140,000 per year for 25 years, and you expect to earn 4% annually on your savings during retirement How much do you need to save each year for the next 40 years, assuming youll earn 6% on your savings, and assuming you increase your savings amount by 5% each year while working? Assume your retirement account will end with $100,000 after the 65 years has passed. And assume you begin with $0 in the retirement account. The cash flows occur at the end of each year Assume your $140,000 needs to grow by 2% a year to offset inflation. How much is your savings amount (cash flow) in year 1?