How much savings would make you feel very calm and confident to face life’s crises? Read this article, Liked and shared @Tiger_comments

I think inner peace is not measured by how much savings you have.Maybe it is due to my stressful job,I wanted to retire 6-7 years ago.Hence,I started my retirement plan at a young age. I set personal goals at various stage of my life.As I used to do regional role,i saved almost 70% of my salary. I didn’t really keep track of my wealth until one day a financial advisor sat down with me.i listed whatever I could think of.But I forgotten about my ESPP.The US stocks I am trying to sell to avoid estate tax in the event,I RIP. I used to be a conservative person and whatever method is available to reduce income tax,I would have a share in it.Endowment plan,SRS,top up my CPF or donations etc. If you have a solid and well organised retirement plan,you do not have to put a price to it.You will b

I need to save as much as i can, i dont pressure myself, anyway retire as long as can meet daily expenses, have roof over my head, can go travel even on budget, protected by health insurance, my children can be independent, i will be happy too. Of course if can reach 1 m by age 65 is fantastic 😂

Goal is to reach financial freedom. Although currently aiming for at least financial independence. Personally thought that having $2mil in a 4% environment would be nice.

My goal is to have at lease $500K of saving and hope to retire at 65 year old and even though i retire i will do some part time to keep myself healthy and movement. If everyday slag at home is not a very good activityS

Based on a yearly expenditure of 60k, and a 4% gain in dividends, $1.5 mil would give me somewhat a better peace of mind. However this is a simple linear thinking as it does not include potential curve balls from life, including dependants, and luxuary travels. So save and invest more fellow Tigers! What about you friends? @daz88888888 @LMSunshine @melson @Bonta @GoodLife99 @SirBahamut [Grin]

$500000 savings should be ok

Replying to @MHh: @HelenJanet @Success88 @SR050321 @Fenger1188 @SPOT_ON @DiAngel @Kaixiang @rL @AliceSam come join//@MHh:The ‘gold’ standard in singapore is at least a million dollars if

The ‘gold’ standard in singapore is at least a million dollars if it is for retirement. For rainy days, the typical advice is at least 3 to 6 months of expense. This of course can vary. For me, I have 2 elderly parents to provide for. So, i would prefer to have 1 full year of salary to provide for myself, my dependents and rainy days for my dependents too. At the same time, i continue to invest and save for retirement. As with most kiasu Singaporeans, it’s about accumulating as much as possible to allow for both quality of life and for crazy rainy days. With the current inflation, 1 million is probably an old target. 1.5-2million is more likely the sum with both inflation and increased life span (yet not wanting to work all life)

$Tiger Brokers(TIGR)$ 10 millions

$1M is more than enough

At least US$10mn and live off the 3% dividends and bonds etc income

Need 5 million to actually heck care. 1 million is not enough in Singapore.

1million

USD500,000 × 5% ÷ 12 months × 4.72 = MYR 9,833 this interest/month looks yummy [Tongue] need to work harder! [LOL]

*how much savings can make you feel very calm and confident to face life's crises?* I learnt about the 25x rule of thumb recently. the aim is to save 25x of one's annual living expenses to be financially secure in retirement. For example, if your annual expenses are $50,000, according to the 25x rule, you'd need to save $1.25 million ($50,000 x 25) to comfortably retire.

in Singapore, you are never safe. need a few millions. whether can get there is another thing. so that means, cannot rest on your laurels no matter what. keep saving, don't stop. but never lose sleep over it.

**Unlocking the Treasure Chest of Financial Dreams 💰🌟** In the grand symphony of life, the pursuit of wealth and financial security plays a harmonious melody, guiding individuals towards their dreams and aspirations. 🎶 As we embark on this journey, fueled by the desire to accumulate wealth and safeguard our future, we must pause to ponder our goals and aspirations$NASDAQ 100 Covered Call ETF(QYLD)$  $Invesco QQQ Trust-ETF(QQQ)$   I do buy some dividend etf like QYLD taking around 0.7% Of dividend monthly and sell a call taking 0.3% so makes around 1% monthly  **Dreams Deferred and Destinations Daring 🌍🏠** The allure of wealth extends far beyond the mere accumul

I just save 10% for emergency fund and 20% for investment from my income.