Question: Based on your estimates, youll need $39500 per year to cover your expenses after you retire this month. You expect your expenses to increase with

Based on your estimates, youll need $39500 per year to cover your expenses after you retire this month. You expect your expenses to increase with inflation at 3 percent per year, and you hope to live 34 years after retiring. How much retirement wealth do you need to have now if youll invest your funds to earn 4 percent per year?

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