Chapter 2 planning for retirementyou are assisting your client, jeffrey benson, with his retirement planning. jeffreyfeels that his retirement income needs will be about 80% of his current salaryof $100,000 annually . jeffrey is now 20 years from retirement and isplanning for 25 years in retirement. you are using 3% for the expected inflation rate and 6% for an after-tax rate of return. what is jeffrey's totalcapital need at retirement? if he currently has a retirement fund of $200,000,how much should he save annually?