Do you invest with projected returns to match what you need for retirement? If not, how much do you plan to accumulate? - Seedly
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AMA The Fifth Person

Anonymous

Asked on 21 Feb 2019

Do you invest with projected returns to match what you need for retirement? If not, how much do you plan to accumulate?

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Cedric Jamie Soh
Cedric Jamie Soh, Director at Seniorcare.com.sg
Level 9. God of Wisdom
Answered on 16 Sep 2019

Aiming for $10 million in USD

(I know, all financial advisors worth their salt will suggest you save in the currency of the country you are retiring in but I am biased for the USD)

So I am pushing for $5m in stocks by 2025. Going by average stock market returns, ideally, it can double by 2035.

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Geraldo L.
Geraldo L.
Level 7. Grand Master
Answered on 26 Feb 2020

Yes, to have a sense of how much is required for retirement and how far am I away from that goal. For me, having a plan (with actual numbers) allows me to work towards my goal better and acts as a form of motivation.

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MT2020
MT2020
Level 7. Grand Master
Answered on 26 Feb 2020

Compounding is key. The main thing would be to start asap and let compounding do its magic.

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Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 8. Wizard
Answered on 17 Sep 2019

I project based on 40% returns pa. Based on this I'm aiming to retire or at least have the freedom of choice to continue working or not in the next 3 to 5 years.

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