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How much does she need to save annually

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Question - Brianna is age 35 and would like to know how much she needs to save annually to meet her retirement goals which include retiring at age 65. She currently makes $75,000 annually, and expects to receive Social Security of $15,000 in today's dollars. Inflation is expected to be 4 percent and his investments are projected to earn 9 percent. She would like to retire with an 80 percent wage replacement ratio. How much does she need to save annually?

Reference no: EM133033792

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