You are a Staff Accountant working in the planning department at Wells Fargo. You are 45 years old today, your birthday. You would like to retire at the end of year when you are 65 years old. You anticipate that you will need $3,000 per month beginning the day after you retire. How could you determine how much you should save annually beginning today to receive a lump sum payout at retirement?

Do not solve this problem. Discuss the considerations, issues, and topics surrounding the issues.)