Wednesday, October 04, 2006

Retirement

Met a primary school classmate for lunch ytd, she is in Insurance now, and we were chatting about retirement. She mention it easy to find out how much you need for retirement, Let's say the average age we can live is till 80 yrs old... and most likely you would stop working when you are 55 years old, and after that you will need to live off your savings... so 80 - 55 = 25 years x 12 months = 300 months, in order to live comfortably, you need about 1.5k monthly, that means you need to save a total of $450K .... that is a lot of money...*freak out* ...

I believe i am that kind of old folks that would rather live on my own and not bother the kids... hahaha so which means i need to be healthy and wealthy. I wont want to bug them or stay with them, they shld have their own little home.. hahah although i wont mind if they stayed nearby ahhahaha..

So i need to work hard now.. n saved up for my retirement..... ..... $$$$$

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