Iterated digits squaring

Iterated digits squaring is a draft programming task. It is not yet considered ready to be promoted as a complete task, for reasons that should be found in its talk page.

If you add the square of the digits of a Natural number (an integer bigger than zero), you always end with either 1 or 89:

15 -> 26 -> 40 -> 16 -> 37 -> 58 -> 89
7 -> 49 -> 97 -> 130 -> 10 -> 1

An example in Python:

<lang python>>>> step = lambda x: sum(int(d) ** 2 for d in str(x)) >>> iterate = lambda x: x if x in [1, 89] else iterate(step(x)) >>> [iterate(x) for x in xrange(1, 20)] [1, 89, 89, 89, 89, 89, 1, 89, 89, 1, 89, 89, 1, 89, 89, 89, 89, 89, 1]</lang>

Your task is to count how many number chains in [1, 100_000_000) end with a value 89.

This problem derives from the Project Euler problem 92.