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Pop Quiz: Daphne would like to replace 60% of the current income. She currently earn RM 70,000 per year, and her desired retirement age

Pop Quiz: Daphne would like to replace 60% of the current income. She currently earn RM 70,000 per year, and her desired retirement age is 60: Assume the life expectancy for Daphne is 80 years. How much is the total retirement income needed? By using "Replacement Ratio Method", let's help Daphne to find out her needs for retirement. Total Retirement Income Needed = RM Type your answer

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