It's only a problem if one is investing significant amts in small caps below USD 1 billion market cap.
Some of you will eventually become big boys and join the UHNWI club too.
Need to see your expenses.
$2M for simple living.
my elderly parents are both very satisfied with the treatment they are getting at polyclinics/govt hospitals and being elderly, they have regular appointments and occasional short hospitalisations. the experience has been positive and I never get the feeling that "i ought to have gone private"
my elderly parents are both very satisfied with the treatment they are getting at polyclinics/govt hospitals and being elderly, they have regular appointments and occasional short hospitalisations. the experience has been positive and I never get the feeling that "i ought to have gone private"
are your parents consistently having negative experiences in polyclinc govt hospital and they are instead going private?
As for comfortable living, I feel its a multiplier rather than actual number.
Passive income = 2x your current expenses should give you a comfortable living standard (with fully paid property and medical insurance in place). But your suggested sum of $5m is definitely a pretty comfortable retirement sum for most people.
Of course YMMV, DYODD
I agree with these estimates which should be acceptable for 80% of Singaporeans. I don't think I'll ever hit S$3M. Will probably be totally shagged when I hit 2.1M SGD (my personal realistic target which hopefully can hit) and have to make do or adjust my lifestyle to make sure SGD2.1M lasts.
What level are u at now? Just accumulate SGD1M 1st regardless of your expenses and location, as SGD1M is pretty much the basic baseline. You can then decide if u want to adjust your expenses or location to fit within SGD1M or need to accumulate more.
my elderly parents are both very satisfied with the treatment they are getting at polyclinics/govt hospitals and being elderly, they have regular appointments and occasional short hospitalisations. the experience has been positive and I never get the feeling that "i ought to have gone private"
are your parents consistently having negative experiences in polyclinc govt hospital and they are instead going private?
As for comfortable living, I feel its a multiplier rather than actual number.
Passive income = 2x your current expenses should give you a comfortable living standard (with fully paid property and medical insurance in place). But your suggested sum of $5m is definitely a pretty comfortable retirement sum for most people.
Of course YMMV, DYODD
Need to project 10 to 20years later.
When I look at your numbers, already take into account some projections. SGD 1 to 5 M, especially 3-5M are large numbers able to withstand lifestyle with inflation for quite a while. If inflation really rockets, then I believe most pple will have to adjust their lifestyles rather than the target number, as the ability to make more money as time goes on will diminish for most pple (unless strike toto or lucky to hold moon stonks).
Preserving the REAL value of the amount while trying to withdraw money at the same time, is difficult.
Doesn't matter the time value if I do not have the ability to make more. 2M already include rough inflation projections. Will have to adjust lifestyle if inflation overshoots
If inflation is within 5% should not be an issue. Like I said, already include rough projections. And when the amount is large, there is no need to calculate to the last cent. I think to me having 2M to 5M is probably like you all having 10M. It is an amount large enough that can withstand 3-5% inflation even with some reduced expenses, quality of life will still be acceptable for me. having. When I say 2.1M it includes about 1/3 stocks.
If inflation is 5%, withdrawal is 2%, returns need to be double that.
U are assuming prolonged inflation on the high end. I do not expect that. Also I can always adjust my lifestyle.
