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With your help, Todd and Krista have determined that they will need a total of $ 2 , 5 0 0 , 0 0 0

With your help, Todd and Krista have determined that they will need a total of $2,500,000 to retire (which includes a buffer over all of the prior calculations) in 8 years and safely achieve their goals. Their current retirement savings balances in total are $1,250,000. Using their assumed rate of return of 8% per year before retirement, what level savings contribution will they need to make each year for the next 8 years to achieve their retirement savings goals?

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