Bankrate.com reported on a shocking statistic: only $54\%$ of workers participate in their company$$s retirement plan. This means that $46\%$ do not. With such an uncertain future for Social Security, this can leave almost $1$ in $2$ individuals without proper income during retirement. Jill Collins, $20,$ decided she needs to have $$340,000$ in her retirement account upon retiring at $60.$ How much does she need to invest each year at $5\%$ compounded annually to meet her goal? $($