In order for Tina to withdraw an annual salary of $35,756 from an account paying 2.2% compounded annually for 35 years once she retires, she will need $737,939.36 in her account. This is calculated using the following formula:
Amount needed in account = Annual salary / (Interest rate / 100)^(Years of compounding)
Amount needed in account = 35756 / (2.2/ 100)^35 Amount needed in account = $737,939.36