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Brock currently earns $120,000 per year. He would like to retire in 16 years (his Full Retirement Age (FRA)) with a wage replacement rate (WRR)

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Brock currently earns $120,000 per year. He would like to retire in 16 years (his Full Retirement Age (FRA)) with a wage replacement rate (WRR) of 75%. He expects Social Security to pay $24,500 in today's dollars. Inflation is expected to be 2.5%. What is the value of his desired retirement income at FRA? Please answer to the nearest dollar. Please do not include the "$

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