Youestimatethat bythetimeyouretirein35years, youwillhave accumulatedsavings

of$2 million.If theinterest rateis 8%andyoulive15yearsafter retirement,whatannuallevel ofexpenditurewillthose savings support?Unfortunately, inflationwill eat intothevalueofyour retirement income.Assume a4%inflationrateandworkout a spending program for yourretirement thatwillallow you toincreaseyourexpenditurein line with inflation.