You would like to retire in 30 years. The expected rate of inflation is 2% per year. You currently have a standard of living that requires $60000 of annual expenses. Assuming you want to maintain the same standard of living in retirement, what are your annual expenses expected to be the first year of retirement? (Show your answer to the nearest cent. Round your answer to the nearest 2 decimal places. DO NOT round until after all calculations have been completed and you have reached your final answer.)