How Much Is Enough For Your Retirement?

• Harvest_77

  22 Jan 07, 18:13

  1million? 2 or 3?
  Simple how much do you think is enough for ur every month expenses after your retirement? $2000? or $5000? Lets take min $2000
  1 yr = $24000
  till you expire (let say you retire at 55 and expire at 80) 24 yrs= $600000
  Wah you must say its more than enough if you had 3 million. but that figure is only for 1 adult. in MOST family you have 2 dads 2 mums 1 wife or husband.
  Total retirement fund: 6 adults= 3,600,000
  Now you will say argh just short of 600k but we havent add in your kids' sch feee education, life fund, medical, food, etc.
  Now do you really think 3 million is enough?
  with banking rates at 0.25 per annual. how much u need to save until u get 3million. = 3,000,000 x 1.25 = 3,750,000
  divide that with the no of years u start. (lets say u start at 25) 55-25= 30 yrs
  3.75million / 30yrs= 125000 per yr= 10,417 per month.
• ditzy

  22 Jan 07, 18:15

  Face it, its never enough.
• mhcampboy

  22 Jan 07, 18:16

  Thats why government want you to have lots of kids...
  
  So they can support you when you are old.. like how it is now...
• mistyblue

  22 Jan 07, 18:42

  
  inflation and rising cost of living,
  your $1 today is just 50 cents in the future.
  
  
• coldzero

  22 Jan 07, 20:33

  Money is never enough.
• Hogzilla

  22 Jan 07, 20:40

  Originally posted by mhcampboy:

  Thats why government want you to have lots of kids...
  
  So they can support you when you are old.. like how it is now...

  Support har?
  
  Wait rong rong lor.
• digicharat

  23 Jan 07, 00:04

  ok. when are you going to ask me out for dinner and bring up your business opportunity to me?
• alexkusu

  23 Jan 07, 00:05

  when I have 10 houses and $690k in my acc
• popikachu

  23 Jan 07, 00:32

  Originally posted by mistyblue:

  inflation and rising cost of living,
  your $1 today is just 50 cents in the future.
  
  

  $1 today is still $1 in the future...
  it is only that the value of $1 today may become the value of 50 cent in the future...
  
  or the value of our $1 may become the value of $2 in the future...
  
  why think negative? always look on the bright side of life (whisper)...
  
  how much is enough for retirement? even if you give me all the money singaporean have is not enough... you may gamble it all within seconds...
  
  lol...
• monoslayer

  23 Jan 07, 00:41

  Originally posted by mhcampboy:

  Thats why government want you to have lots of kids...
  
  So they can support you when you are old.. like how it is now...

  they will send u to old folks' home.
• SGpork

  23 Jan 07, 00:52

  
  
  $$$$$$$$$$$$
• cloudymind

  23 Jan 07, 16:34

  Originally posted by mhcampboy:

  Thats why government want you to have lots of kids...
  
  So they can support you when you are old.. like how it is now...

  later your kids grow up liao dont wanna work, stay at home and slack expect you to support them... worse.
• dragg

  23 Jan 07, 16:36

  most salary man will not have enough when they retire.
  
  
• KaYaBrEaD

  23 Jan 07, 20:02

  nothing is enough even u bought hell lot of saving insurance, so better to migrate lol when u are retired... a 3 storey mansion in china cost around 200k-150k ... wat do u think
• mhcampboy

  23 Jan 07, 20:20

  ok la ok la.. all commit suicide la..