You have to calculate an annuity, specifically, you have to solve for the annual amount needed. (see attached).
In the formula, the "n" stands for years.
Amount = 1,000,000 / ({[(1.08)^(35+1)]-1/ .08}-1)
Amount = 1,000,000 /
({(<span>
<span>
<span>
15.9681718379
</span>
</span>
</span>
-1) / .08})-1
Amount = 1,000,000 /
[(<span>14.9681718379 / .08) -1]
</span>Amount = 1,000,000 /
<span>
<span>
<span>
(187.1021479733
</span>
</span>
</span>
-1)
Amount = 1,000,000 /
186.1021479733
Amount =
<span>
<span>
<span>
5,373.39</span></span></span>
Here's a calculator to check that answer:
http://1728.org/annuity.htm