reed, age 45, has come to you for help in planning his retirement. he works for a manufacturing company, where he earns a salary of $75,000. reed would like to retire at age 65. he feels this is a realistic goal because he has consistently earned 9% on his investments and inflation has only averaged 3%, assuming he is expected to live until 80 and he has a wage replacement ratio of 80%, how much will reed need to invest at the end of each year to have accumulated on the day that he retires to adequately provide for his retirement lifestyle?
