Amaury plans to retire when he turns 65. He was born on January 1^st, 1946 and was hired in his current job January 1^st, 2001, with an annual salary of $50,000. The company he works for makes contributions to his pension fund on the first day of January, April, July, and October until the day he retires. Each contribution is 1% of his annual salary. The pension fund generates a return of 8% convertible quarterly. The salary that Amaury receives is outlined to increase 8% every January 1^st starting in 2002, the last contribution to the pension fund is made on October 1^st, 2010.

Find the balance in the Amaury's pension fund when he turns 65.