Friday, 21 February 2014

Retirement Income for Life??? (12) - Re-posting


He keeps saying he wants to retire early.

 
So, Uncle8888 passed him this retirement planning Excel worksheet.

After simulating with the retirement planning Excel worksheet, he realizes that he will need 13% ROC.

 
13%!!!
 
 
Uncle8888 told him frankly that he is still far away from early retirement.
 
He will need to save more and invest for higher growth.
 
13% is a tough number to achieve.
 
5-6% ROC is more reasonable.
 
 


Read? Retirement Income for Life??? (12)

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3 comments:

  1. CreateWealth888822 February 2014 at 09:29:00 GMT+8

    The Moral of the Story:

    Talking and thinking is cheap until you estimate or calculate the cost of doing it. Right?

    ReplyDelete
    Replies
    1. Singapore Man of Leisure22 February 2014 at 11:01:00 GMT+8

      CW,

      And that's the powerful secret of realising all our dreams:

      Wake up!

      http://singaporemanofleisure.blogspot.sg/2012/07/powerful-secret-to-unleashing-your.html


      We need to have dreams. But all dreaming and no action is not a good strategy...

      Delete
    2. Createwealth888822 February 2014 at 11:14:00 GMT+8

      Ya.

      The most powerful thing to do on Planet Earth and it is free too.


      Wake up!


      :-)




      Delete