You and your wife are making plans for retirement. You plan on living 30 years after you retire and would like to have $95,000 annually on which to...

You and your wife are making plans for retirement. You plan on living 30 years after you retire and would like to have $95,000 annually on which to live. Your first withdrawal will be made one year after you retire and you anticipate that your retirement account will earn 10% annually.

What amount do you need in your retirement account the day you retire? Round your answer to the nearest cent. Do not round intermediate calculations.