Please choose the correct ending to complete the given sentence: Finance and Business: [header] How to project retirement income needs with inflation [title] Determine your monthly income needs at the beginning of retirement by estimating your recurring expenditures and planned purchases. [substeps] Financial professionals often recommend projecting approximately 60 to 80 percent of your pre-retirement income. Your particular situation may require more or less income than this.

Ending1: Specific needs can also influence projected spending or specific needs. [title] Figure out whether you can secure financing. Ending2: While your budget may no longer include some employment-associated costs such as commuting, medical bills and other costs will almost certainly increase dramatically as you age. Furthermore, you might have plans to travel the world during retirement, or make annual gifts to your family. Ending3: Search online or ask your local bank or government agency for an estimate of financial needs. [title] Figure out your monthly expenses at the start of retirement. Ending4: For example, if you have two years' spending after retirement, you would need 60% of this funded by retirement income. Your monthly spending, generally, should cover your annual spending for the year.

Answer format: ending1/ending2/ending3/ending4