Peter and his wife realized that they need to prepare for retirement. Based on their lifestyle they have estimated (using actuarial tables) that they will likely live to around 80. They have also decided that they need around $30,000 per annum in their retirement and that they can likely earn 5% on that money. (they are currently 55 years old and they will be retired at 65)
Write a financial goal for peter and mary regarding their retirement saving.