Sorry but this is not retirement planning. They are just expenditures. Bare minimum. Where are your savings, investments plan?
My understanding is you make, save your money to make it grow enough to cover your life expenses.
Assuming you are retiring at 60 yrs
For the next 10 yrs - 156k
20 yrs - 312k
Not adjusted for inflation. Realistically, you are looking at 400k plus. These are cash outflow.
But if you are married and have kids? Another 150k or more. That is half a million outflow.
So how are you going to replace/lessen the outflow?
Quote:
Originally Posted by Unregistered
I'm not the original poster. But as Long as can fulfill the following should suffice:
- food ($15 per day, so $450 per month)
- transport ($100 per month)
- hp + internet ($60 per month)
- insurance ($400 per month)
- overseas holidays ($2000 per year so $167 per month)
- utilities bill ($90 per month)
- movies ($25 per month)
So, $1300 per month will be enough. $15600 per annum.
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