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Retirement Financial Plan
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As I plan for my retirement at the age of 65, with an expected annual expense of $60,000, I would like to determine the amount I should save to ensure financial security during my retirement years. Considering my current age of 35, what would be a recommended savings target that would allow me to meet my retirement goal? I'm seeking guidance on the appropriate savings strategy, including factors such as investment returns, inflation, and any additional considerations that would contribute to a financially secure retirement.
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