John is 60 years old. Ile plans to retire in two years. He now has $400,000 in a savings account that yields 2.9% interest compounded continuously (see Lesson 3-6). He has calculated that his find works Lag year's salary will be $88,000. He has been told by his finan cal advisor that he should have 60-70% of his final year's annual income available for use each year when he retires.