Suppose that your target savings for retirement in 31 years is $1 million. You forecast that inflation will be 3.65% per year, compounded annually, between now and when you retire. Given your forecast, what is the expected purchasing power of your retirement account in terms of dollars today? Enter your answer in dollars. Omit the dollar sign and commas. For example, if your result is $510,200.67, then type 510201 as your answer. (In other words, round to the nearest dollar.)