Bankrate.com reported on a shocking statistic: only 53% of workers participate in their company's retirement plan. This means that 47% 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, 30 , decided she needs to have $300,000 in her retirement account upon retiring at 60 . How much does she need to invest each year at 6% compounded annually to meet her goal? (Please use the following providec (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)