Here are sample financial plans for people at various ages:
Age 25
Age 35
Age 60
This financial plan shows how much you can withdraw from your savings at retirement to last for a lifetime, net of inflation. It allows you to see the effect of changing your savings and investing them to earn a higher return.
You can prepare your own financial plan using this tool.
Age 25
Age 35
Age 60
This financial plan shows how much you can withdraw from your savings at retirement to last for a lifetime, net of inflation. It allows you to see the effect of changing your savings and investing them to earn a higher return.
You can prepare your own financial plan using this tool.
Hi Mr Tan, why do you use such a low inflation rate of only 2% for your illustration. My view is that the inflation rate can be an average of 5% or more for the next 2 decade due to the debasement of currencies especially in the west(US and UK) and the worsening food and energy shortages that are developing and it is better to plan for such a high inflation just in case.
ReplyDeleteMr. Tan, is it possible that you post the excel spreadsheet to compute the yield on your blog?
ReplyDelete