Savings in 40s

[ureshine]

May I know those in 40s have minimum $500k savings? Common?

 

[Eliwood]

I think unlikely to be common for couples with kids.

For singles more possible.

 

[buttbERry]

i think is quite common

 

[winningeleven]

I would say it is quite impressive with 500k cash saving for someone in the early 40.

 

[tan kuku]

moi fwend gotch 5k in his posb bank

 

[Mephist0pheLes]

500k savings early 30s alr got liao, need to aim higher.

 

[cyke69sg]

May I know those in 40s have minimum $500k savings? Common?

Yes very very common. Usually is 7 figures.

 

[idiot444]

Not difficulty at all if single and prudent in financial planning.

 

[batdow]

cpf oa got about 600k

 

[esandwich]

For moi 50k is quite satki alr

 

[Laguna123]

Dink couple maybe?

 

[EveMuffins]

don't kena $2 fall below fee by bank is can arm chio liao

 

[yakunkia]

Tell me someone you know with 2 or more kids, condo, car and still has 500k cash in bank. Unless this family nv travel, nv go enrichment class, nv go restaurants.

 

[havetheveryfun]

depends if got house. got house than 500k beri good. no house then only 500k like loser , cos 500k not even enough to buy house these days, so basically once you buy your house you become 0 or negative net worth

 

[MynameisS]

I think unlikely to be common for couples with kids.

For singles more possible.

Sad lyf for peasants with children
Truth for childfree peasants oso

 

[dushensiao]

single ky but keep 500k no good unless planning to buy house

 

[FlyGuardX]

savings 500k is no good. should have more in investment or properties

 

[popsune1]

Don't have 500k savings.

 

[HumJiBeng]

Depends if got investment or just pure savings.

If got investment like us stock such as s&p 500, should be in millions already.

If no investments, $500k is quite big already. Considering these are all ur savings from salary. No using money to work for money

 

[highsulphur]

ask @dereth how much he had at 40yo and how much he has now.....