Barry Cuda has estimated that he will live for 35 years after he retires at age 63. He would like to be able to withdraw $80,000 annually from his retirement account for those 35 years assuming his account during retirement earns 5% annual interest. If Barry has 30 years until he retires, how much will he need to save annually at 10% to reach his goal?

$4,086

$7,964

$9,655

$11,197