Show the calculation: if your average pre-retirement earnings were $30,000 per y

Question

Show the calculation: if your average pre-retirement earnings were $30,000 per year, your highest per-retirement earnings achieved was $90,000 per year and you receive $20,000 per year in retirement benefits, what is the replacement rate? (The answer should be 66.67%) Show the calculation: if your average pre-retirement earnings were $30,000 per year, your highest per-retirement earnings achieved was $90,000 per year and you receive $20,000 per year in retirement benefits, what is the replacement rate? (The answer should be 66.67%) if your average pre-retirement earnings were $30,000 per year, your highest per-retirement earnings achieved was $90,000 per year and you receive $20,000 per year in retirement benefits, what is the replacement rate? (The answer should be 66.67%)

Explanation / Answer

(20000/30000)*100 = 66.67%

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