Donald, age 40, earns $95,000 annually; his wage replacement ratio has been determined to be 70%. He expects inflation will average 3% over his entire life expectancy. He expects to work until 67, and live until 95. He anticipates a 7.5% return on his investments. Donald does not expect to receive any Social Security retirement benefits. Calculate Donald's capital needed at retirement age 67. $1,837,787.53 $2,359,975.87 $1,709,569.80 $2,463,081.61 $2,678,018.16