Walter is a member of his defined contribution pension plan. He has pensionable earnings of $72,090 per year. Walter contributes 5% of his pensionaable earnings to the DCPP each year and his employer matches his contribuitons. The current value in his DCPP is $519,146 and he earns a nominal rate of return of 6%. He plans on working and contributing to the DCPP for the next 10 years. The current rate of inflation is 2%. 

What will the value of his DCPP at the time he retires in 10 years?

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