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You are 40 years old and have a salary of $50000 per year. When you retire at age 66 you want to have a salary

You are 40 years old and have a salary of $50000 per year. When you retire at age 66 you want to have a salary that has the same buying power as the one you currently have. If you estimate that the inflation rate will be 1.25% per year what will you final salary need to be?

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