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Anonymous
For context, i am investing in growth stocks/etf, bonds.
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Kent Toh
5d ago
Consultant at Sprinklr
Its all about consistency. and compounding effect.
Thats why 1M65 for CPF is possible for most singaporeans.
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I guess its possible.
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That would assuming no major disruptions such as no bear run. The key is still to stay consistent, reinvest any dividends, and maintain a long-term perspective.
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Hypothetically yes assuming the market is on a bull run all the way/most of the time. But I suggest ...
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No. Not unless you inflate your monthly savings in accordance with inflation. If you average a realistic 6.5% APR compounded over 420 months (35 years) you'll have about $160K at age 60. With $2K a month you'll have about $3.2 million.
You can do these calculations yourself with simple compound interest calculators available online.