Bill is aged 20 and starts saving $11,000 each year (growing with inflation) and invests it at a nominal rate of return of 10% per year (compounded yearly). Inflation is expected to be 3% per year. How much is he expected to have at age 60 in today's dollars (removing the effects of inflation).

Your answer should be to the nearest dollar ($ 0dp). Do not include a dollar sign in your answer.