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How much will your lifestyle cost when you turn 65?
By Singapore's Budget Babe  •  May 22, 2017
Have you ever wondered about how much your lifestyle will cost when you turn 65?? How much do you think you'll need every month to get by? $800? $1000? $1500?  The folks at The Fifth Person ran a calculation on estimated living costs 30 years from now, and I thought it'll make for a fun exercise to tweak it to something closer to us 90s kids. Let's work out the numbers. To keep our calculations simple, we will assume that the overall rate of inflation is 3% (in line with existing data over the past decade, and what TFP referenced). I'm not far from hitting 30, so let's use that as a gauge. In 35 years, we'll be 65 years old, and getting $1,300 every month from my CPF payouts - assuming the full retirement sum remains constant at $166,000. For those of you who would ......
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By Singapore's Budget Babe
Budget Babe is an ordinary lady striving to achieve financial freedom in Singapore before the age of 45. She is always looking for cost-effective ways to live a fulfilling life in amidst Singapore's rising costs, and writes in order to empower fellow Singaporeans on taking charge of their own lives and finances. The final goal is to eventually break free from the competitive rat race. Will I meet you there? ...
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