Joe's starting salary as a mechanical engineer is around $100,000. Joe is planning to place a total of 8% of his salary each year in the mutual fund. Joe expects a 6% salary increase each year for the next 30 years of employment. If the mutual fund will average 5% annual return over the course of his career, what can Joe expect at retirement? Click the icon to view the interest factors for discrete compounding when i = 5% per year. The amount Joe can expect at retirement is $ thousand. (Round to the nearest whole number.)