How much do you need for your retirement?

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How much do you need for retirement?

Less than $500K
1
4%
$500K to a million
4
17%
$1 million to $1.5 million
7
30%
$1.5 million to $2 million
7
30%
$2 million to $3 million
1
4%
More than $3 million
3
13%
 
Total votes : 23

How much do you need for your retirement?

Postby sereneloong » Thu Jun 28, 2012 11:46 am

Easy formula to estimate your retirement nest egg here: http://www.reallifetheory.com/RetirementVideo
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Re: How much do you need for your retirement?

Postby candy_chia » Thu Jun 28, 2012 12:31 pm

Hi Serene,

Thanks for sharing this simple and easy to remember calculation.
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Re: How much do you need for your retirement?

Postby sereneloong » Thu Jun 28, 2012 3:19 pm

Hi Candy,

You're welcomed. Learnt from Dennis one!

But do take note that this is an estimate without taking into account inflation. So you can expect that you'd need more than that depending on inflation rates.

Here's another way to look at one's retirement nest egg required:
Eg. if you need say $5000 a month or $60,000 a year, and you are confident of getting at least 6% a year, then you would need a portfolio of $1 million to generate that every year.

Cheers,
Serene
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Re: How much do you need for your retirement?

Postby Dennis Ng » Thu Jun 28, 2012 4:19 pm

sereneloong wrote:Hi Candy,

Here's another way to look at one's retirement nest egg required:
Eg. if you need say $5000 a month or $60,000 a year, and you are confident of getting at least 6% a year, then you would need a portfolio of $1 million to generate that every year.

Cheers,
Serene


this is why my aim is to help people achieve S$1 million. Personally, when I reached S$1 million in year 2008 was when I consider myself reaching Financial Freedom as well. :D
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
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