Ben, age 42, has come to you for help in planning his retirement. He works for a retailer, where he earns $50,000. Ben would like to retire at age 65. He has consistently earned 9% on his investments and inflation has averaged 3.5%. Assuming he is expected to live until age 90 and he has a wage replacement ratio of 80%, how much will Ben need to have accumulated as of the day he retires to adequately provide for his retirement lifestyle? Assume his retirement distributions will occur at the beginning of each period.