Wealth Plans

Using the wealth planner assuming no initial savings and $2M Sing as a initial target of wealth.

Average Monthly Savings Required
S$ 4,778
You can also achieve your goal by progressively increasing your savings to match the expected inflation indicated by you (3%). In that case, your monthly savings requirement in Year 1 would be:
S$ 3,892
From Year 2 onwards, you would need to increase this amount by 3% per year (as per the expected inflation indicated by you).

Based on the information you have input:  
Wealth Target (today's prices) (S$) 2,000,000  
Wealth Target (adjusted for inflation) (S$) 3,612,222  
Time allowed to reach wealth target, (years) 20  
Expected rate of return from investments (% per annum) 10  
Amount already saved towards your wealth target (S$) 0


The figures above are really just figures to me. Wealth creation goes deeper than this and takes a lot of discipline , good luck and good health.

Retirement Plans

Using the retirement calculator. With a monthly retirement expenses of $3000 assuming no savings.

Average Monthly Savings Required
S$ 1,217
You can also achieve your goal by progressively increasing your savings to match the expected inflation indicated by you (3%). In that case, your monthly savings requirement in Year 1 would be:
S$ 1,025
From Year 2 onwards, you would need to increase this amount by 3% per year (as per the expected inflation indicated by you).

Based on the information you have input:  
Retirement Amount per month (today's prices) (S$) 3,000  
Retirement Amount (adjusted for inflation) (S$) 4,814  
Time allowed to achieve retirement amount, (years) 16  
Expected rate of return from investments (% per annum) 10  
Amount already saved towards your retirement (S$) 0


"Stop Dreaming. Take ACTION. " -- Niversphere