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Old 25-11-2014, 07:48 AM
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I thought the more important question is how do you see your net worth growing. For eg., what will it be when you hit 55?

Let's say you are now 42, and your combined net worth is $1.7m, and if on average, you and spouse are able to squirrel away $100k a year. In 15 yrs time, you will have another $1.5m bringing your total net worth to $3.2m.

For our case, our rate of savings was around $100k a year from age 40 - 45. From 45 - 50 it was $180k pa on average. Then 50-55 it hit $250k pa. The higher savings came with the help from passive income of about $50k pa. This year (1 more month to go), we will save a total of $300k pa. Our highest by far.

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Originally Posted by Unregistered View Post
We upgraded from a flat to a condo in 2006. We were lucky as we bought the condo for only $600k. We have cleared the mortgage since we did not take a huge loan as we used the sale proceeds from the flat sale to pay down a lot. The condo is now worth $1.2m. Our other assets is worth $500k and hence our net worth combined is $1.7m. We are in our early forties. How are we doing? Are we in the lower range of net worth for our age group? Any forumers here in the same age group care to share your net worth?
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