Are you looking for some motivation to start your savings goals?
Hoping to get some inspiration on
how much you need to save according to your age?
Wondering how much you need to have in your bank based on how old you are now?
Here are some figures for you to start aiming towards:
| Age |
Amount of Savings (S$) |
| 20 |
$10,000 |
| 25 |
$50,000 |
| 30 |
$100,000 |
| 45 |
$500,000 |
| 65 |
$1,000,000 |
If you have these figures in your bank,
congratulations!
You’re on the right path to financial stability and success.
If you’re not, perhaps this would allow you to gain some clarity to what you should work towards.
Or… is it…?
Here’s my opinion on the recent trend of savings goals.
Savings Goals Are Great for Motivation, Not Competition
In recent years, the idea of
saving $100,000 by 30 has been popping up and became a new savings goal for many.
The idea of
saving $1 million by 65 also gained a sizeable following as well....
