Salary.sg Forums - View Single Post - How much are you earning per annum?
View Single Post
  #3551 (permalink)  
Old 27-01-2014, 08:42 AM
Unregistered
Guest
 
Posts: n/a
Default

Actually, net worth of $6m by 55 is a low target. We will invest $200k pa (from our annual savings) in stocks, which is expected appreciate in value (capital gains) by at least 8% pa (my long term track record). The dividends (yield of 5% pa) will be saved. I am good at investing so this is possible. For those who are not good at investing, they achieve only 2% pa dividends yield and no capital appreciation.


Quote:
Originally Posted by Unregistered View Post
$6m by 55 is on the high side. Your combined current income and net worth is quite typical of dual income graduate couples in their mid 40s, and most would accumulate $5m by 55 if they do not make any big expense along the way (eg. spending on overseas university fees for their children). I know of some who managed to achieve $5.8m at 55 but that is only because their combined income was $500k pa when they were 50. They were saving $400k pa combined with passive incomes. By the way these people only drive Jap cars.

How did you arrive at the $6m projection?

Reply With Quote