How many assets do most people have at age 50? - Seedly
 

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Asked by Doris Ng

Asked 6d ago

How many assets do most people have at age 50?

What is a common number of assets that individuals have by age 50, and what should i work towards?

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Hi Doris,

In the context of Singapore, with your property, CPF, investments and savings, $1 million is a very realistic figure to achieve. My aunt is a clerk and she achieved that around 55, with property, CPF, savings and some investments. So you have to make sure you grow your wealth and not let your money sit in the bank. At least CPF does that for you, risk free, but the rest is up to you.

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This is definitely a difficult question to answer as it can vary very widely.

But assuming they are home owners, contributes to CPF, plus save at least another 20% of their income aside for 25+ years, they can easily be close to a million or maybe more.

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Junus Eu
Junus Eu
Top Contributor

Top Contributor (Nov)

Level 9. God of Wisdom
Answered 6d ago

Am assuming you mean in Singapore!

If this includes property, then I would say above $1m. I probably need to check up on the latest government statistics though!

https://www.singstat.gov.sg/-/media/files/publications/reference/sif2019.pdf

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Hwee Kian
Hwee Kian
Level 6. Master
Answered 4d ago

Hi Doris,

Common number of assets, I think there's 4 to 5. Property (fully paid), CPF, stocks, Insurance.

It will be a natural progression to work towards these 4 or 5. If one is gainfully employed, we should be fine with CPF although I think we might be better inclined to repay mortgage using cash.

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Choon Yuan Chan
Choon Yuan Chan
Level 7. Grand Master
Answered 4d ago

If you include CPF as an asset class. My estimate would be 4- CPF, Insurance products, FD and Shares.

At age of 50, work towards building your share sand CPF portfoilo. You can top up into your CPF SA and earn tax deductibles from it

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Without looking at statistics, this is a difficult question to answer.⁣

I'm not sure about your reason for asking this.⁣

Everyone has different circumstances and opportunities. So I think it is best not to compare with others, but to compare with yourself. ⁣

E.g. of questions I would ask myself:⁣

Have I made the most of the resources I was given? How much of my goals have I reached? What else should I do?⁣

What helped me get here, and what could I improve on?

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Based on calculation, an average person should have a fully paid HDB, reached the respective limits on the CPF account, have proper healthcare insurance, life insurance, and an annuity ready for retirement.

Of course, their biggest asset will be in good health with their family. ❤️

Here is everything about me and what I do best.

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Kelvin Chin
Kelvin Chin
Level 5. Genius
Answered 6d ago

Any reason why you have asked this question?

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YC
Yh Chee
Level 3. Wonderkid
Answered 6d ago

Depending on income and saving rate, I would reckon the average net asset to be $1m.

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Doris Ng
Doris Ng

6d ago

Thank You!
GuanYuan Tan
GuanYuan Tan

5d ago

Average would be around 1 mil (fully paid asset)