You are 21 years old.

You plan to retire at age 65. You plan to live until you're 85 years old. At age 65, you want $25,000 a year for living expenses. You currently have saved $10,000 for retirement. You have selected 4% as your hurdle rate. In addition to the $10,000 lump sum that will accrue 4% until retirement, how much money do you need to save each year for age years 21 through 65 to meet this retirement goal?