You want to be able to withdraw $45,000 from your account each year for 30 years after you retire.

You expect to retire in 15 years.

If your account earns 4% interest, how much will you need to deposit each year until retirement to achieve your retirement goals?
Hint: the answer is 38861.242680901, who can tell me how to get there? I'll write you the most amazing testimonial if you can help me out with this one :)

Question

You want to be able to withdraw $45,000 from your account each year for 30 years after you retire.

You expect to retire in 15 years.

If your account earns 4% interest, how much will you need to deposit each year until retirement to achieve your retirement goals?
Hint: the answer is 38861.242680901, who can tell me how to get there? I'll write you the most amazing testimonial if you can help me out with this one :)