The U.S. Social Security Administration estimated that someone 22 years old who earned $40,000 a year in 2008, works steadily for 45 years, and retires at age 67 in 2053, would begin receiving annual benefits of about $90,516 in 2054. This calculation assumes a 3.5 percent annual rate of inflation between 2008 and 2054.

If so, how much will this $90,516 buy in terms of 2008 dollars, that is, how much money would be needed in 2008 to buy as much as $90,516 will buy in 2054?