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The search for new physics requires a joint experimental and theoretical effort. Lattice QCD is already an essential tool for obtaining precise model-free theoretical predictions of the hadronic processes underlying many key experimental searches, such as those involving heavy flavor physics, the anomalous magnetic moment of the muon, nucleon-neutrino scattering, and rare, second-order electroweak processes. As experimental measurements become more precise over the next decade, lattice QCD will play an increasing role in providing the needed matching theoretical precision. Achieving the needed precision requires simulations with lattices with substantially increased resolution. As we push to finer lattice spacing we encounter an array of new challenges. They include algorithmic and software-engineering challenges, challenges in computer technology and design, and challenges in maintaining the necessary human resources. In this white paper we describe those challenges and discuss ways they are being dealt with. Overcoming them is key to supporting the community effort required to deliver the needed theoretical support for experiments in the coming decade.