The Smiths save $18,000 per year for retirement. They are now in their mid-thirties, and they expect to have $1 million in today's dollars saved by the time they're in their mid-sixties. If their market interest rate is 5% per year, inflation averages 3% a year, and they save for 30 years, is their financial plan possible? Click the icon to view the interest and annuity table for discrete compounding when i=5% per year. Click the icon to view the interest and annuity table for discrete compounding when i=3% per year. The purchasing power in today's dollars of the Smiths' savings is \$ thousand. (Round to two decimal places.) More Info More Info