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John is 57 years old, and wants to retire at 67 and needs to last until he's 97. To maintain his current lifestyle he needs
John is 57 years old, and wants to retire at 67 and needs to last until he's 97. To maintain his current lifestyle he needs $136,000 a year. He currently has $310,000 in a retirement account. Inflation is expected to be 5% and the earnings rate through retirement is expected to be 8%. How much will he need for retirement
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