Assume the following:

Investment Rate: 6%

Inflation: 3%

Tax rate during retirement 25%

Years to retirement: 25

Life expectancy after retirement: 30 years

Annual after-tax income required in today's dollars: $50,000

How much before-tax income is required in the first year of retirement?

What would be the total retirement account value required at the start of retirement to payout annually the amount calculated above over retirement?

Answer to the nearest dollar ($)