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Your grandparents have worked all their lives and are ready to retire. Together, they would like to have $90,000 of annual income at the beginning

Your grandparents have worked all their lives and are ready to retire. Together, they would like to have $90,000 of annual income at the beginning of each year for their anticipated 15 years of retirement. From his former employer, your grandfather receives $1,200 per month as a pension, and each of your grandparents receive $1,040 per month in social security. If they can average a 5.68% return on their Roth 401k throughout retirement, and if they expect an annual inflation rate of 1.6%, how much must they have saved in the Roth 401k on the day they retire?

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