Sofi is planning for her retirement. Once she decides to stop working, she expects to earn an annual nominal rate of return on her retirement funds of 9% before tax (compounded annually) on her savings. Sofi lives a simple life and feels that she only needs to draw an annual income in retirement of $35,000, at the beginning of each year, for 25 years. Sofi is an economist and expects inflation to continue at 1.5% per year. So, she expects her retirement income to be indexed to this inflation rate. Based on Sofi's plan for her retirement, how much money will Sofi need to accumulate by her retirement date?