I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Thursday, 3 October 2019

How much you’ll need to retire?


Read? Time is your bff for retirement planning


 How much you’ll need

 A good rule of thumb is the replacement rate (or replacement ratio), which is calculated in this way:

 Replacement rate = income after you retire / income before you retire

 The recommended replacement rate varies from around 60 to 80%.
Hmm ....  

 It looks like Uncle8888 has to deploy his war chest sooner to catch up with the recommended replacement rate towards the higher end. 





Posted by Createwealth8888 at 20:13
Labels:

2 comments:

  1. Singapore Man of Leisure4 October 2019 at 09:22:00 GMT+8

    CW,

    On guard for a poke OK?

    How much you need per month AFTER retirement you need a formula to tell you?

    You don't trust your own feet? Trust a ruler more to tell you what shoes would fit better?

    You already got 3 years of monthly expenses AFTER retirement tracked and pasted to powerpoint. What's the point of doing that if you can rely on this "theoratical" one-size-fits-all formula?

    Eh?


    P.S. I just know if AFTER retirement I want a wine, women, and song lifestyle, no money is ever enough. If I herbivore (not interested in sex), then I need a lot less... LOL!



    ReplyDelete
  2. CreateWealth88884 October 2019 at 10:17:00 GMT+8

    Trust but verify - SMOL

    Data points to verify theoretical formula by FAs Vs actual and measuring our own feet.

    What is the variance?



    :-)

    ReplyDelete

Subscribe to: Post Comments (Atom)
Related Posts with Thumbnails