Originally Posted by Unregistered

Have you reached 40 years old? Most Singaporean men who graduate with a degree will have about 15-16 years of working before he reach 40 years old. To accumulate $1m in 15 years, he needs to accumulate $66.7K per year of savings for 15 years. How many people can do that unless he has been very successful or lucky in investing - be it stock market or property investment. You are either an impressionable young man who believes that having a degree will automatically make you a successful millionaire at the young age of 40. If that is the case, you will probably feel miserable and sore when you grow up in the real world. If you had already accumulated $1m before 40, it is either you had some luck or success in your investment or career. Good for you and there is no need to brag or "feel surprised" why some PMEs cannot reach. The reality is most people will not reach their $1m by 40.