You plan to begin contributing each pay period to your employer's 401k plan at the beginning of the month in which you turn 25. You will be paid twice a month. Your salary is $52,800 and your employer will match your contribution up to 4% of your salary. You can contribute more, but your employer stops at 4%. You decide to contribute 6% of your salary, making contributions each pay period that include both you and your employer's portions. How much will you have saved for retirement if you earn 6.4% over time and you retire at age 65. Assume the same salary over the years.