Sunday, September 24, 2017

Retirement Calculator Snapshot - Sep 2017

Updated my retirement calculator. Below 'Years till FI' shows the number of years it will take till I reach financial independence. This is based on the retirement calculator from Mad Fientist. 

"Inflation-adjusted growth rate": Assume STI returns around 8%, with inflation around 4%, inflation-adjusted growth rate will be 4%.

It should be noted that the "Starting Balance" does not include property. In the Singapore context, I think it is difficult for housing to grow at 4% per year, especially since I bought a resale flat. Even if you rent out a room, and get say 600 for 1 room, that will be 600*12=7200 per year which is 1.8% per year only!

6 more years till FI!