You are an investment advisor who has been approached by a client for help on his financial strategy. The client currently has $200  in his retirement account. He plans to retire in 15 years from now. 

How much money would he need to save each year for the next 15 years to be able to withdraw $120,000 a year for 25 years?

After his retirement Assume that he will earn 5% annual return on his investments.