Quote:
Originally Posted by Unregistered
Congratulations on your retirement plan! Very well thought out.
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For your case with projected retirement expense of $48k pa in todays dollars, the below shows what you will need in the years going ahead:
At 55 yo (7 years from now)_____at 65 yo (17 yrs later)______at 75 yo (27 yrs later)
$59k pa______________________$79k___________________$10 6k
As you can see, inflation easily outstrips your payout from dividends and
CPF Life combined which do not grow with time.
Wait for my installment and I will share with you how you can deal with inflation. Your current plan is on very shaky grounds.