How was the "Savings per month" column calculated in this Seedly article? (https://blog.seedly.sg/how-saving-100k-by-30-years-old/)

Hi, I managed to recreate Ming Feng's excel but only managed to get the values for the 2nd year.

​

Contrary to what YJ mentioned, there is a 4% salary increment factored in as you can see from column B (e.g. B2 to B3)

​

There is also a 1.4% inflation factored in hence if 4% = 100% of a pie, you would only be able to save 2.6% which equates to 65% of the pie (as you can see from the formula). Tried to use the same formula for the following years but there's slight mismatch in terms of figures. Can't really figure out how the following years are being derived but I believe it should be how the 1.4% is being accounted for.

• I think he never factor 1.4% inflation or 2.6% salary increment p.a. into table
• But the whole calculation is hypothetical. Increment assumption 4% p.a. is very optimistic. Big company just 1-2%.
• If you can save $20k p.a. 5 years u can hit $100k already.
• But different people have different commitment, if you cant save that amount with a FT job, u have to do part time, if $100k is the goal you die die want to achieve.