Retirement income On a personal level, assess the level of income you think you would need at a minimum when you retire.

A) Do you agree with the notion of 62.5% of preretirement earnings to be an adequate measure?

B) If a person earned $100 000 prior to retirement what level of capital is required to produce 62.5% of such an income? (Assume a rate of return of 6% p.a.)