facebookI am a 28-year-old currently taking in a net salary of 3.5k. How much should I put in to obtain 1M65? - Seedly

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Anonymous

11 Jun 2020

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Saving Hacks

I am a 28-year-old currently taking in a net salary of 3.5k. How much should I put in to obtain 1M65?

AMA 1M65

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Loo Cheng Chuan

11 Jun 2020

Founder at 1M65 Movement

Download the CPF calculator from our Telegram Chat Group and you can run various simulations to how to achieve 1M65.

https://t.me/Loo1M65

1M65 is a join effort for couples to have $130,000 each in both SA and MA combined by age 30. Over 35 years, the sum will compound to $1,000,000.

As a single, it will definitely be harder, therefore it is important to consider your expenditure carefully. Is it necessary to own a (luxury) car? Is it necessary to own private property? These lifestyle choices will affect your progress towards 1M65. I don't think it is impossible but will need a lot of prudence.​​​

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