You invested $100,000 in the stock market 15 years ago when you were 30 years old. The stock market on average has returned 8% over the past 15 years. Now you think that the stock market is too risky and you want to move your savings to the bond market. You estimate that the bond market on average will return 4% per year over the next 15 years, by the time you retire at the age of 60. Will you be able to retire with $1,000,000? If not, how much money do you have to add to your current savings so that you will be able to retire with $1,000,000?