Jacob Strode is going to make 50 annual unequal withdrawals from his savings with the first withdrawal occurring at t=1 and the last withdrawal occurring at t=50. He wants each withdrawal to have the same purchasing power as $60,000 has today so the withdrawals need to grow at a constant rate of 3% to compensate for expected inflation per year. His account earns 9% per year. How much needs to be in his account today for him to be able to make the 50 withdrawals?