Melia wanted to retire within the next 25 years. After his retirement, he would like to withdraw RM50,000 every year for the next 15 years until he passed away. Also, by the time of his death, he would like to bequeath RM2 Million to his grandchildren. Assuming the interest rate from now until his retirement is 6% and after retirement until he pass away is 8%. 

Calculate how much he needs to save beginning of each year until his retirement so that he is able to meet his objective of withdrawing after retirement and bequeathing when he passed away?