Retirement Calculator
The CPF website offers many online calculators to let you calculate your money and one of the useful tools I have found is the retirement calculator. It came as a shock when I saw the results. If I want to retire at the age of 40, and get $3000 a month for 30 years, I would be $1.5 million in debt if I don’t do anything!
Some information required as you use the retirement calculator are your income, current CPF money, property payments, annual expenditure and other investments.
I seriously need to cut down on my expenses and increase my streams of income. I’ve just started rethinking about increasing my streams of income so hopefully it will work out. As for my expenses, I really need to keep a tight rein on where the money is going. I spend too much on clothes, books, courses, beauty, spa and my car.
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I’m not much in to reading, but in some way I acquired to read numerous articles inside your webpage. It’s wonderful how interesting it’s that i can go to a person very often.
Planning for retirement is a long-term plan. You can have a long term target of how much you need, but it really boils down to fine adjustments along the way, and how you handle the unexpected events, such as the economic crisis, that come by. Essentially, I believe if one is determined and discipline, retirement can be enjoyable.