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Your goal is to retire in 25 years you will need $4 million to have a good life, in today's dollars. Assume that the rate

Your goal is to retire in 25 years you will need $4 million to have a good life, in today's dollars. Assume that the rate of return on your savings will be 5% and the annual inflation rate is 3%. What is the total amount of wealth you need in 30 years to have the same purchasing power of $4M today?

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