you are trying to calculate how much money you should have a retirement on your 55th birthday you will retire and immediately make your first withdrawal of 4230.77. you plan to make 26 such withdrawals each year you plan to continue with drawing at that level and frequency until you were 82 years old. during retirement your savings will earn only 3.6% per annum

how much do you have to have saved at retirement to fund these planned withdrawls?

round to nearest cent