You will be working for the next 40 years, and you believe you can earn a return of 7% on your investments during that period. Once you retire, your forecast for your earnings is 6% for 30 years. You would like to have a cash inflow of $60,000/yr during your retirement years. You also expect a capital gain of $100,000 in 15 years from now, which you plan to use to build up your retirement fund. That money will earn a semi-annually compounded 6% return. But that wont be enough to earn you the $60,000/yr inflow. How much money should you save annually, starting from this year to reach your goal?