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Youve decided that you need to save enough for retirement so that you have an income ( before taxes ) of $ 3 5 0

Youve decided that you need to save enough for retirement so that you have an income (before taxes) of $3500 each month (not including social security). Assume youll live 30 years after retirement and will earm about 5.4% annual intrest compounded monthly. How much moneu do you need to save by the start of your retirement? Suppose you decide to start saving for retirment at age 25 and you plan to retire at 67. Assuming the same intrest scheme how much do you need to save each month to have the amount you found in part A at retirement?

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