Calculate how much savings you should already have - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property and building net worth




Calculate how much savings you should already have

Reply
 
Thread Tools
  #1 (permalink)  
Old 23-03-2014, 07:21 PM
Administrator
 
Join Date: Jun 2009
Posts: 281
admin has disabled reputation
Default Calculate how much savings you should already have

Here’s a more precise way to calculate how much you should already have in savings based on your current age and current income. This method is taken from JP Morgan Asset Management’s Guide to Retirement 2014.

Calculate How Much Savings You Should Already Have | Salary.sg - Your Salary in Singapore

Reply With Quote
  #2 (permalink)  
Old 23-03-2014, 11:11 PM
Unregistered
Guest
 
Posts: n/a
Default

Hey, it is uncanny how they arrived at such correlation. Very interesting.

I checked the numbers for my wife and myself and found the numbers a little on the low side so I am not sure if it was because they didn't factor in property values? Because when I take away our property value, the numbers provided by the model were uncannily close to what we have, with just a few hundred $K off (lower than what we currently have). Again I supposed the model did not factor in capital gains from investment.


Quote:
Originally Posted by admin View Post
Here’s a more precise way to calculate how much you should already have in savings based on your current age and current income. This method is taken from JP Morgan Asset Management’s Guide to Retirement 2014.

Calculate How Much Savings You Should Already Have | Salary.sg - Your Salary in Singapore


Reply With Quote
Reply

Bookmarks

Tags
income, retirement, savings

« Previous Thread | Next Thread »

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Calculate Net Worth and Benchmark It Salary.sg Investments and Net Worth 16 23-09-2023 10:41 PM
How much savings do you have? Reporter Investments and Net Worth 1341 24-05-2021 10:36 AM
calculate salary must calculate the hidden cost also kakarukeys Income and Jobs 49 04-08-2012 03:53 PM
Calculate Income Tax 2009 Salary.sg Investments and Net Worth 3 19-09-2009 08:02 PM
Not enough savings for retirement Salary.sg Investments and Net Worth 0 14-05-2007 07:59 PM

» 30 Recent Threads
Career as Teacher ( 1 2 3... Last Page)
11,163 Replies, 6,825,608 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,890 Replies, 5,086,478 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,617 Replies, 2,377,517 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,987 Replies, 1,080,919 Views
Lawyer Salary ( 1 2 3... Last Page)
21,129 Replies, 10,447,129 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
814 Replies, 384,684 Views
GovTech ( 1 2 3... Last Page)
5,655 Replies, 2,274,291 Views
Maritime and Port Authority of... ( 1 2)
19 Replies, 19,691 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,146 Replies, 3,790,161 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,891 Replies, 4,715,856 Views
ST Electronics ( 1 2 3... Last Page)
3,806 Replies, 1,572,850 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,057 Replies, 450,475 Views
Compare civil service salary ( 1 2 3... Last Page)
16,423 Replies, 12,578,085 Views
DBS ACE Programme ( 1 2 3... Last Page)
162 Replies, 82,542 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,499 Replies, 1,399,156 Views
ITE (lecturer) ( 1 2 3... Last Page)
279 Replies, 392,139 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,339 Replies, 3,454,286 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,344 Replies, 1,161,769 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
736 Replies, 411,035 Views
Any Ministry or Statboard still... ( 1 2)
12 Replies, 12,309 Views
Work culture in CPF board ( 1 2 3... Last Page)
34 Replies, 77,630 Views
Work culture in IHiS ( 1 2 3... Last Page)
722 Replies, 552,516 Views
Private Banking Salaries ( 1 2 3... Last Page)
83 Replies, 138,732 Views
NUS (National University of... ( 1 2 3... Last Page)
322 Replies, 326,432 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
761 Replies, 422,535 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
415 Replies, 500,165 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,280 Replies, 634,922 Views
NCS Tech Graduate Programme or...
4 Replies, 534 Views
Work in SMU ( 1 2)
12 Replies, 4,896 Views
ST Engineering Land Systems ( 1 2 3)
24 Replies, 11,765 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 12:25 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2