Calculate how much savings you should already have - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth
Calculate how much savings you should already have Calculate how much savings you should already have
Salary.sg Main Site Register FAQ Community Calendar Today's Posts Search

Investments and Net Worth Talk all about money making exploits, shares, property and building net worth




Calculate how much savings you should already have
Reply
 
Thread Tools
  #1 (permalink)  
Old 23-03-2014, 07:21 PM
Administrator
  
Join Date: Jun 2009
Posts: 281
admin has disabled reputation
Default Calculate how much savings you should already have
Here’s a more precise way to calculate how much you should already have in savings based on your current age and current income. This method is taken from JP Morgan Asset Management’s Guide to Retirement 2014.

Calculate How Much Savings You Should Already Have | Salary.sg - Your Salary in Singapore

Reply With Quote
  #2 (permalink)  
Old 23-03-2014, 11:11 PM
Unregistered
Guest
  
Posts: n/a
Default
Hey, it is uncanny how they arrived at such correlation. Very interesting.

I checked the numbers for my wife and myself and found the numbers a little on the low side so I am not sure if it was because they didn't factor in property values? Because when I take away our property value, the numbers provided by the model were uncannily close to what we have, with just a few hundred $K off (lower than what we currently have). Again I supposed the model did not factor in capital gains from investment.


Quote:
Originally Posted by admin View Post
Here’s a more precise way to calculate how much you should already have in savings based on your current age and current income. This method is taken from JP Morgan Asset Management’s Guide to Retirement 2014.

Calculate How Much Savings You Should Already Have | Salary.sg - Your Salary in Singapore


Reply With Quote
Reply

Bookmarks

Tags
income, retirement, savings

« Previous Thread | Next Thread »

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Calculate Net Worth and Benchmark It Salary.sg Investments and Net Worth 16 23-09-2023 10:41 PM
How much savings do you have? Reporter Investments and Net Worth 1341 24-05-2021 10:36 AM
calculate salary must calculate the hidden cost also kakarukeys Income and Jobs 49 04-08-2012 03:53 PM
Calculate Income Tax 2009 Salary.sg Investments and Net Worth 3 19-09-2009 08:02 PM
Not enough savings for retirement Salary.sg Investments and Net Worth 0 14-05-2007 07:59 PM

» 30 Recent Threads
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
16,167 Replies, 5,121,746 Views
GovTech ( 1 2 3... Last Page)
5,876 Replies, 2,321,845 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,699 Replies, 2,399,708 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
758 Replies, 418,115 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,172 Replies, 3,815,659 Views
Lawyer Salary ( 1 2 3... Last Page)
21,179 Replies, 10,487,749 Views
Work culture in IHiS ( 1 2 3... Last Page)
726 Replies, 556,766 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
831 Replies, 392,388 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,357 Replies, 3,472,275 Views
Julius Baer Graduate Program 2023 ( 1 2 3... Last Page)
32 Replies, 17,281 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,061 Replies, 1,092,329 Views
Career as Teacher ( 1 2 3... Last Page)
11,220 Replies, 6,860,961 Views
ST Electronics ( 1 2 3... Last Page)
3,818 Replies, 1,583,353 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,829 Replies, 1,452,417 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,286 Replies, 641,804 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,511 Replies, 1,406,648 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,353 Replies, 1,169,953 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,905 Replies, 4,738,381 Views
NUS (National University of... ( 1 2 3... Last Page)
324 Replies, 329,046 Views
Compare civil service salary ( 1 2 3... Last Page)
16,444 Replies, 12,618,597 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,426 Replies, 4,854,003 Views
Working in SMRT ( 1 2 3... Last Page)
41 Replies, 59,146 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
331 Replies, 381,625 Views
Work culture in CPF board ( 1 2 3... Last Page)
35 Replies, 78,370 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
419 Replies, 503,628 Views
DBS tech seed programme ( 1 2 3... Last Page)
3,768 Replies, 1,521,083 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,489 Replies, 808,331 Views
Maritime and Port Authority of... ( 1 2 3)
20 Replies, 20,374 Views
DBS ACE Programme ( 1 2 3... Last Page)
163 Replies, 83,491 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,057 Replies, 453,381 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 04:09 AM.

www.Salary.sg - Archive - Top

Read also: 5 Unlikely Things Singaporeans Spend the Most on | What to Expect from an Advanced Seo Training Program

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2